Berger, Helge; Nitsch, Volker - CESifo - 2008
How many people should decide about monetary policy? In this paper, we take an empirical perspective on this issue …, analyzing the relationship between the number of monetary policy decision-makers and monetary policy outcomes. Using a new data … set that characterizes Monetary Policy Committees (MPCs) in more than 30 countries from 1960 through 2000, we find a U …