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Determinantes del Tamaño de un Comité de Política Monetaria: Teoría y Evidencia de Corte Transversal

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Author Info

  • Erhart , Szilard
  • Vasquez, Jose L.

Abstract

Estudios teóricos y empíricos desde la perspectiva de diferentes ciencias sugieren que un grupo de trabajo óptimo debería tener entre 5 y 9 miembros, aunque este número puede variar bajo diversas circunstancias y está bajo la influencia de factores propios al entorno en el que el grupo se desarrolla. Este trabajo presenta un modelo que analiza el tamaño de los comités de política monetaria (CPM) de 85 bancos centrales en función de los factores usuales o previstos por la literatura como los determinantes del tamaño óptimo de un comité. Los resultados sugieren que el número de miembros del CPM depende del tamaño de la zona monetaria de influencia, de las características propias a cada banco central y de diversas variables asociadas a la estabilidad macroeconómica del país. El tamaño de los CPMs de zonas monetarias grandes (Unión Europea, EEUU, Japón) parece estar cerca de su nivel “óptimo”, pero existen muchos países pequeños cuyos CPM se alejan de ese nivel.

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Bibliographic Info

Article provided by Banco Central de Reserva del Perú in its journal Revista Estudios Económicos.

Volume (Year): (2009)
Issue (Month): 18 ()
Pages: 9-40

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Handle: RePEc:rbp:esteco:ree-18-01

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