Optimal monetary policy committee size: Theory and cross country evidence

Theoretical and empirical studies of different sciences suggest that an optimal committee consists of roughly 5-9 members, although it can swell mildly under specific circumstances. This paper develops a conceptual model in order to analyze the issue in case of monetary policy formulation. The optimal monetary policy committee (MPC) size varies according to the uncertainty of MPC members’ information influenced by the size of the monetary zone and overall economic stability. Our conceptual model is backed up with econometric evidence using a 2006 survey of 85 countries. The survey is available for further research and published on the web. The MPC size of large monetary zones (EMU, USA, Japan) is close to the estimated optimal level, but there exist several smaller countries with too many or too few MPC members.monetary policy committe, mpc size, decision making.

Determinants of the size of a monetary policy committee: Theory and cross country evidence

Theoretical and empirical studies of different sciences suggest that an optimal committee consists of roughly 5-9 members, although it can swell mildly under specific circumstances. This paper develops a conceptual model in order to analyze the issue in case of monetary policy formulation. The number of monetary policy committee (MPC) size varies according to the size of the monetary zone and overall economic stability. Our conceptual model is backed up with econometric evidence using a 2006 survey of 85 countries. The survey is available for further research and published on the web. The MPC size of large monetary zones (EMU, USA, Japan) is close to the estimated optimal level, but there exist several smaller countries with too many or too few MPC members.Monetary policy.

I Hope My Black Skin Don\u27t Dirt This White Tuxedo

I Hope My Black Skin Don\u27t Dirt This White Tuxedo is a series of works--sculpture, installations, and performances--that explore themes of shame, failure, commodity, ephemerality, ritual, resilience, erasure, race, and death. The research and interest in these themes stem from a page of the Trinidad and Tobago Slave Registry. I use the research that surrounds this document to highlight different moments in history, in my personal life, and to imagine near futures

Academic Performance of Students of Urban Design, Applying Problem-based Learning (PBL)

The urban design courses of the urban planning career in the Universidad Simón Bolívar (USB, 2017) Caracas-Venezuela, are part of the backbone of workshops (4 of 11) and invite to the study of parts of the city whose problems demand to be resolved, according to traditional teaching methods. Considering this precedent and within the framework of the Citylab project (2015-2018), the Problem Based Learning (PBL) is implemented in Workshop VI, during the last quarter of 2017; and then a questionnaire is given to the participating students to know their opinion on the following points: their role in this process of building knowledge, and their appreciation about both the exchange with local guests-actors and this new methodology. The respondents conclude that in the face of the traditional method, the PBL promoted capacity building for critical analysis, teamwork and consensus building against the city’s complex problems

Estrategia didáctica de enseñanza orientada desde las fases concreta, gráfica y simbólica para el aprendizaje significativo del concepto de potenciación con números naturales

Este trabajo pretende que el estudiante de grado sexto de la Institución Educativa Instituto Calarcá, adquieran un aprendizaje significativo del concepto de potenciación con números naturales. Para esto se implementará una estrategia didáctica de enseñanza orientada desde las fases real o concreta, gráfica y simbólica, con el fin de lograr que los estudiantes asimilen el tema de potenciación y a su vez proponer nuevas alternativas de trabajo para la orientación de conceptos de la disciplina