Claussen, Carl Andreas; Røisland, Øistein - Sveriges Riksbank - 2010
The discursive dilemma implies that the policy decision of a board of policymakers depends on whether the board reaches … (premise-based procedure). We derive results showing when the discursive dilemma may occur, both in a general model and in a … standard monetary policy model. When the board aggregates by majority voting, a discursive dilemma can occur if either (i) the …