| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4384 |
| DP4384 The Stabilizing Role of Government Size | |
| Javier Andrés; Antonio Fatas; Rafael Domenech | |
| 发表日期 | 2004-05-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We propose a flexible majority rule for central bank councils where the size of the majority depends monotonically on the change in interest rate within a particular time frame. Small changes in interest rate require a small share of supporting votes, even less than 50%. We show that flexible majority rules are superior to simple majority rules and can implement the optimal monetary policy under a variety of circumstances. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Central bank Voting Majority rule Flexible majority rules |
| URL | https://cepr.org/publications/dp4384 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533338 |
| 推荐引用方式 GB/T 7714 | Javier Andrés,Antonio Fatas,Rafael Domenech. DP4384 The Stabilizing Role of Government Size. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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