对货币政策委员会主席和利率持续性的预期

IF 0.5 4区经济学 Q4 ECONOMICS

Mathematical Social Sciences Pub Date : 2024-01-18 DOI:10.1016/j.mathsocsci.2024.01.005

Yuta Saito

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引用次数: 0

摘要

本文探讨了公众对货币政策委员会主席的期望如何影响政策结果。我们的研究表明，对货币政策委员会主席在会议上提出理想政策的预期会导致委员会大多数成员拒绝政策变化。结果表明，对主席议程设置的预期是利率持续性的决定因素。

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Expectations for the MPC chair and interest rate persistence

This paper examines how the public’s expectations for the chair of the monetary policy committee influence policy outcomes. We show that the expectation that the chair will propose their ideal policy at the meeting can lead a majority of the committee to reject the policy change. The result suggests that the expectation of the chair’s agenda setting is a determinant of interest rate persistence.

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来源期刊

Mathematical Social Sciences 数学-数学跨学科应用

CiteScore

1.30

自引率

0.00%

发文量

审稿时长

59 days

期刊介绍： The international, interdisciplinary journal Mathematical Social Sciences publishes original research articles, survey papers, short notes and book reviews. The journal emphasizes the unity of mathematical modelling in economics, psychology, political sciences, sociology and other social sciences. Topics of particular interest include the fundamental aspects of choice, information, and preferences (decision science) and of interaction (game theory and economic theory), the measurement of utility, welfare and inequality, the formal theories of justice and implementation, voting rules, cooperative games, fair division, cost allocation, bargaining, matching, social networks, and evolutionary and other dynamics models. Papers published by the journal are mathematically rigorous but no bounds, from above or from below, limits their technical level. All mathematical techniques may be used. The articles should be self-contained and readable by social scientists trained in mathematics.