Blar i Norges Banks vitenarkiv på emneord "monetary policy committees"

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    • Explaining Interest Rate Decisions When the MPC Members Believe in Different Stories 

      Claussen, Carl Andreas; Røisland, Øistein (Working Papers;7/2013, Working paper, 2013)
      Modern central banks do not only announce the interest rate decision, they also communicate a "story" that explains why they reached the particular decision. When decisions are made by a committee, it could be difficult ...

    • On the Design of Monetary Policy Committees 

      Blinder, Alan S. (Working Papers;6/2008, Working paper, 2008)
      Keynote lecture prepared for the Norges Bank research workshop “Monetary Policy Committees,” Oslo, September 6-7, 2007.

    • Overconfidence, Monetary Policy Committees and Chairman Dominance 

      Claussen, Carl Andreas; Matsen, Egil; Røisland, Øistein; Torvik, Ragnar (Working Papers;17/2009, Working paper, 2009)
      We suggest that overconfidence among policymakers explains why formal decision power over monetary policy is given to committees, while much of the real power to set policy remains with central bank chairmen. Overconfidence ...