Deliberation in Committees: Theory and Evidence from the FOMC


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  • This paper develops a model of committee decision-making where members of different expertise deliberate and share private information prior to voting. The model predicts that members truthfully reveal their private information and are willing to change their minds as a result of deliberation. The predictions of the model are evaluated using data from the Federal Open Market Committee.

fecha de publicación

  • 2018

Líneas de investigación

  • Deliberation
  • Mind Changes
  • Voting


  • ene-18