Are Two Heads Better Than One?: Monetary Policy by Committee

By Alan S. Blinder, John Morgan. 2005

317 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/0f1ab9955ba848c1b1e326623590d951e9d50b0d

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Citations in the corpus

Teams Take the Better Risks (2007, background): “Blinder and Morgan (2005) study the decisions of groups and individuals in two different experiments (a statistical guessing task and a simple macroeconomic model) and find that groups outperform individuals in both settings.”
Non-commercial Research and Educational Use including without Limitation Use in Instruction at Your Institution, Sending It to Specific Colleagues That You Know, and Providing a Copy to Your Institution's Administrator. All Other Uses, Reproduction and Distribution, including without Limitation Comm (2005, unknown): “This number is small for molecules with a limited number of spins (66) and high symmetry.”
Central Bank Boards Around the World: Why Does Membership Size Differ? (2006, unknown): “…has been put forward in theoretical terms by Gerlach-Kristen (2006) and Berk and Bierut (2004); supportive experimental evidence is produced by Blinder and Morgan (2005) and 11 A case in point are the recent amendments to the central bank law of Hungary in 2004, where the balance in the…”
Monetary Policy by Committee : Consensus, Chairman Dominance or Simple Majority ? (2010, unknown): “[9]”
Barking up the right tree: Are small groups rational agents? (2006, background): “Blinder and Morgan (2005) report that groups make better decisions than individuals in two macro economy “steering” tasks.”
Transparency and deliberation within the FOMC: a computational linguistics approach (2014, methodology): “…makers’ decisions remain an output of interest, and a growing complementary literature takes observed policy choices in both experimental (e.g. Blinder and Morgan 2005, Lombardelli, Proudman, and Talbot 2005) and actual committees (e.g. Hansen, McMahon, and Velasco 2012) and uses them to…”
Individuals and Teams in UMTS-License Auctions (2007, background): “Given that individual decisions and those made in teams have been shown to differ in a broad range of economic situations (see, e.g., Blinder and Morgan, 2005; Cooper and Kagel, 2005; Kocher and Sutter, 2005), it is an open question whether bidding behaviour in UMTS- auctions has been adequately…”
Monetary Policy by Committee: Why and How? (2007, background): “Less obviously, GerlachKristen showed that committees will be less inertial than individuals in adjusting interest rates—a highly counterintuitive result for which there is some impressive recent experimental support (Blinder and Morgan, 2005).”
When Firms are Desperate to Grow via Acquisition: The Effect of Growth Patterns and Acquisition Experience on Acquisition Premiums (2011, background): “The literature has shown that outside perspectives allow for differing viewpoints and more information, which yield superior decision quality (e.g., Menon and Pfeffer, 2003; Blinder and Morgan, 2005).”
Macroeconomics: A Survey of Laboratory Research (2016, methodology): “that is similar to one found in Blinder and Morgan (2005), though their exogenous, two-equation data-generating process for inflation and unemployment has fewer parameters and is calibrated to fit UK time series data.”