Mind-changes at the FOMC

C-Tier
Journal: Economics Letters
Year: 2019
Volume: 184
Issue: C

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper develops a model of committee decision-making where members of different expertise deliberate and share private information prior to voting. The model predicts that members truthfully reveal their private information and are willing to “change their minds” as a result of deliberation. The predictions of the model are evaluated using data from the Federal Open Market Committee.

Technical Details

RePEc Handle
repec:eee:ecolet:v:184:y:2019:i:c:s0165176519302782
Journal Field
General
Author Count
2
Added to Database
2026-01-29