{"product_id":"determinants-of-the-size-of-a-monetary-policy-committee-von-jose-l-vasquez-und-szilard-erhart","title":"Determinants of the Size of a Monetary Policy Committee","description":"\u003cp\u003eTheoretical studies and empirical evidence suggest  that an optimal committee consists of roughly 5-9  members, although this result may vary somewhat  under specific circumstances. This paper develops a  conceptual model for the case of a monetary policy  committee (MPC). The main conclusions are that (i)  MPC size varies according to the size of the  monetary zone and overall economic stability; (ii)  for large monetary zones (EMU, USA, Japan), MPC  size is close to the estimated optimal level; and  (iii) in several countries, MPC size is  considerably misaligned. Our model is backed by  econometric evidence using a 2006 survey for 85  countries, which is available on the Web for  further research.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838334677\"\u003e\u003ch3\u003eTheory and Cross Country Evidence\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838334677","offer_id":39498939662429,"sku":"9783838334677","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/73461_49a74f2c-8838-4867-b7fd-ae902c95abea.jpg?v=1786249917","url":"https:\/\/shop.autorenwelt.de\/products\/determinants-of-the-size-of-a-monetary-policy-committee-von-jose-l-vasquez-und-szilard-erhart","provider":"Autorenwelt Shop","version":"1.0","type":"link"}