Too little, too late: Interest rate setting and the costs of consensus

被引：10

作者：

Gerlach-Kristen, P

机构：

[1] Univ Basel, Swiss Natl Bank, CH-8022 Zurich, Switzerland

[2] HIEBS, CH-8022 Zurich, Switzerland

来源：

ECONOMICS LETTERS | 2005年 / 88卷 / 03期

关键词：

monetary policy committees; decision procedures; interest rates;

D O I：

10.1016/j.econlet.2005.01.026

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Central banks have been criticised for changing interest rates "too little, too late". This pattern arises if policymakers are uncertain about the optimal level of interest rates and is exacerbated if decisions are taken by consensus rather than a vote. (c) 2005 Elsevier B.V. All rights reserved.

引用

页码：376 / 381

页数：6

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