scholarly journals Monetary Policy Committee Transparency: Measurement, Determinants, and Economic Effects

2011 ◽  
Author(s):  
Bernd Hayo ◽  
Ummad Mazhar
Keyword(s):  
Monetary Policy ◽  
Economic Effects ◽  
Monetary Policy Committee ◽  
Transparency Measurement ◽  
Policy Committee

scholarly journals Monetary policy committee size and inflation volatility

2010 ◽  
Vol 7 (4) ◽  
pp. 411-421 ◽  
Author(s):  
Szilard Erhart ◽  
Harmen Lehment ◽  
Jose L. Vasquez Paz
Keyword(s):  
Monetary Policy ◽  
Inflation Volatility ◽  
Monetary Policy Committee ◽  
Policy Committee

Selecting Your Inflation Targeters: Background and Performance of Monetary Policy Committee Members

2011 ◽  
Vol 12 (2) ◽  
pp. 223-238 ◽  
Author(s):  
Etienne Farvaque ◽  
Piotr Stanek ◽  
Hakim Hammadou
Keyword(s):  
Monetary Policy ◽  
Size Effects ◽  
Inflation Targeting ◽  
Economic Cooperation ◽  
Policy Makers ◽  
Monetary Policy Committee ◽  
Monetary Policy Committees ◽  
And Performance ◽  
Policy Committee

Abstract This paper starts by describing the composition of monetary policy committees (MPCs) in inflation-targeting and non-targeting countries. The experience of MPC members on their inflation performance is then compared, opposing inflation targeters with non-targeters. Our sample covers the major Organization for Economic Cooperation and Development countries, in the period 1999-2008. Our results first show that MPCs are different in inflation-targeting (versus non-targeting) countries. They also reveal that policy-makers’ backgrounds influence inflation, and that the influence of MPCs’ experience is much greater in inflation-targeting countries, while size effects are more important for committees that do not target inflation.

Sign in / Sign up

Export Citation Format

Share Document