Flexible Majority Rules for Central Banks

B-Tier
Journal: Journal of Money, Credit, and Banking
Year: 2009
Volume: 41
Issue: 2‐3
Pages: 507-516

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We propose a flexible majority rule for central‐bank committees where the size of the majority depends monotonically on the change in interest rate within a particular time frame. Small changes in the interest rate require a small share, while larger changes require a larger share of supporting votes. We show that flexible majority rules are superior to simple majority rules.

Technical Details

RePEc Handle
repec:wly:jmoncb:v:41:y:2009:i:2-3:p:507-516
Journal Field
Macro
Author Count
2
Added to Database
2026-01-25