Previous research on the optimal size of a monetary policy committee (MPC) focused on theoretical analyses and … experimental studies. These studies suggest that the ideal monetary policy committee may not have many more than five members. In …

Policy Committee (MPC), whose members have different preferences between output and inflation variability and have to vote on … policymaker, considering instead that monetary policy decisions are taken collectively in a committee. We introduce a Monetary …

inflation by only 0.07 percentage points. Since the money effects are very small, the implication is that the Monetary Policy … Committee should not be particularly worried for not paying close attention to M4 money movements when setting interest rates. …

Policy Committee (MPC) members. … both equations, applying the model to unique unit-record level data on the voting preferences of Bank of England Monetary …

Policy Committee (MPC), whose members have different preferences between output and inflation variability and have to vote on … policymaker, considering instead that monetary policy decisions are taken collectively in a committee. We introduce a Monetary … committee. We introduce a Monetary Policy Committee (MPC), whose members have different preferences between output and …

, which exploits a panel data-set containing the votes of Bank of England Monetary Policy Committee (MPC) members, we show …