{"id":"https://openalex.org/W14736522","doi":"https://doi.org/10.1017/cbo9780511762802.011","title":"How Central Banks Take Decisions: An Analysis of Monetary Policy Meetings","display_name":"How Central Banks Take Decisions: An Analysis of Monetary Policy Meetings","publication_year":2010,"publication_date":"2010-04-12","ids":{"openalex":"https://openalex.org/W14736522","doi":"https://doi.org/10.1017/cbo9780511762802.011","mag":"14736522"},"language":"en","primary_location":{"id":"doi:10.1017/cbo9780511762802.011","doi":"https://doi.org/10.1017/cbo9780511762802.011","is_oa":false,"landing_page_url":"https://doi.org/10.1017/cbo9780511762802.011","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Challenges in Central Banking","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W2268851387","display_name":"Challenges in Central Banking"},"type":"book-chapter","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101604271","display_name":"Philipp Maier","orcid":"https://orcid.org/0000-0003-1366-5987","observed_orcids":["https://orcid.org/0000-0003-1366-5987"]},"institutions":[{"id":"https://openalex.org/I898769471","display_name":"Bank of Canada","ror":"https://ror.org/05cc98565","country_code":"CA","type":"other","lineage":["https://openalex.org/I898769471"]}],"countries":["CA"],"is_corresponding":true,"raw_author_name":"Philipp Maier","raw_affiliation_strings":["#N#Bank of Canada#N#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"#N#Bank of Canada#N#","institution_ids":["https://openalex.org/I898769471"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5101604271"],"corresponding_institution_ids":["https://openalex.org/I898769471"],"apc_list":null,"apc_paid":null,"fwci":4.7434,"has_fulltext":false,"cited_by_count":35,"citation_normalized_percentile":{"value":0.96905901,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":null,"issue":null,"first_page":"320","last_page":"356"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9643999934196472,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9643999934196472,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.00559999980032444,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0034000000450760126,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-committee","display_name":"Monetary Policy Committee","score":0.9200000166893005},{"id":"https://openalex.org/keywords/central-bank-decision-making","display_name":"central bank decision-making","score":0.7379999756813049},{"id":"https://openalex.org/keywords/committee-size","display_name":"committee size","score":0.7570000290870667},{"id":"https://openalex.org/keywords/committee-structure","display_name":"committee structure","score":0.6029999852180481},{"id":"https://openalex.org/keywords/institutional-design","display_name":"institutional design","score":0.5170000195503235},{"id":"https://openalex.org/keywords/independent-thinking","display_name":"independent thinking","score":0.5550000071525574},{"id":"https://openalex.org/keywords/meeting-structure","display_name":"meeting structure","score":0.5329999923706055},{"id":"https://openalex.org/keywords/bank-of-england-monetary-policy-committee","display_name":"Bank of England Monetary Policy Committee","score":0.7900000214576721},{"id":"https://openalex.org/keywords/central-banking-reform","display_name":"central banking reform","score":0.6869999766349792},{"id":"https://openalex.org/keywords/central-bank-transparency","display_name":"central bank transparency","score":0.46299999952316284}],"concepts":[{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.7554448246955872},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.59493488073349},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.5247535705566406},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.51091068983078},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.46555644273757935},{"id":"https://openalex.org/C40231798","wikidata":"https://www.wikidata.org/wiki/Q1333743","display_name":"Composition (language)","level":2,"score":0.42191603779792786},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34654131531715393},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.34207579493522644},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.3356800079345703},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.27977490425109863},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.15302324295043945},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C46312422","wikidata":"https://www.wikidata.org/wiki/Q11024","display_name":"Communication","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1017/cbo9780511762802.011","doi":"https://doi.org/10.1017/cbo9780511762802.011","is_oa":false,"landing_page_url":"https://doi.org/10.1017/cbo9780511762802.011","pdf_url":null,"source":{"id":"https://openalex.org/S4306462995","display_name":"Cambridge University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Challenges in Central Banking","raw_type":"book-chapter"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.5799999833106995}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":41,"referenced_works":["https://openalex.org/W46737259","https://openalex.org/W119769658","https://openalex.org/W620934928","https://openalex.org/W1499918914","https://openalex.org/W1549885304","https://openalex.org/W1587700009","https://openalex.org/W1593692964","https://openalex.org/W1598609292","https://openalex.org/W1600504979","https://openalex.org/W1605255363","https://openalex.org/W1737992690","https://openalex.org/W1905691490","https://openalex.org/W1968078094","https://openalex.org/W1974043834","https://openalex.org/W1984008343","https://openalex.org/W1996076875","https://openalex.org/W2013660989","https://openalex.org/W2022869242","https://openalex.org/W2032515934","https://openalex.org/W2047131968","https://openalex.org/W2068773854","https://openalex.org/W2075395993","https://openalex.org/W2075536921","https://openalex.org/W2076904287","https://openalex.org/W2078993558","https://openalex.org/W2090768646","https://openalex.org/W2093237932","https://openalex.org/W2117535226","https://openalex.org/W2140071840","https://openalex.org/W2154029339","https://openalex.org/W2158392329","https://openalex.org/W2426930139","https://openalex.org/W2784135349","https://openalex.org/W2795780965","https://openalex.org/W3121419301","https://openalex.org/W3122000667","https://openalex.org/W3122594891","https://openalex.org/W3123014406","https://openalex.org/W3123341189","https://openalex.org/W3123792419","https://openalex.org/W3148374482"],"related_works":["https://openalex.org/W1528332504","https://openalex.org/W3122594891","https://openalex.org/W7098723532","https://openalex.org/W2154029339","https://openalex.org/W7128495084","https://openalex.org/W4405212280","https://openalex.org/W2489485196","https://openalex.org/W2113598396","https://openalex.org/W7099748327","https://openalex.org/W7100611363"],"abstract_inverted_index":{"More":[0],"than":[1,99,190],"eighty":[2,191],"central":[3,101,130,139,156,172,192,220],"banks":[4,102,131,140,193,221],"use":[5],"a":[6,52,68,160,199,206,210],"committee":[7,17,113,120,125,208],"to":[8,43,64,77],"take":[9,194],"monetary":[10,53,94,111,165,185,195,207],"policy":[11,95,112,166,186,196],"decisions.":[12,187],"The":[13],"composition":[14,90],"of":[15,21,28,51,60,72,93,114,117,127,146,149,175],"the":[16,19,22,26,29,47,57,61,73,89,110,115,124,147,150,163,170,176],"and":[18,40,75,79,91,215,231],"structure":[20,71,126],"meeting":[23],"can":[24],"affect":[25],"quality":[27],"decision":[30,212],"making.":[31],"In":[32,136,218],"this":[33,233],"chapter":[34],"we":[35,87],"review":[36],"economical,":[37],"experimental,":[38],"sociological,":[39],"psychological":[41],"studies":[42],"identify":[44,78],"criteria":[45],"for":[46,108],"optimal":[48,58],"institutional":[49],"setting":[50],"committee.":[54,200],"These":[55],"include":[56],"size":[59],"committee,":[62],"measures":[63],"encourage":[65],"independent":[66],"thinking,":[67],"relatively":[69],"informal":[70],"meeting,":[74],"abilities":[76],"evaluate":[80,88],"individual":[81],"members'":[82],"performances.":[83],"Using":[84],"these":[85],"criteria,":[86],"operation":[92],"committees":[96,183],"in":[97,155,162,198],"more":[98,189,225],"forty":[100],"worldwide.":[103],"Our":[104],"findings":[105],"indicate":[106],"that,":[107],"example,":[109],"Bank":[116],"England":[118],"follows":[119],"best":[121],"practice,":[122],"while":[123],"other":[128],"major":[129],"could":[132],"be":[133],"improved.":[134],"Introduction":[135],"recent":[137],"decades,":[138],"have":[141,222],"undergone":[142],"substantial":[143],"transformations.":[144],"One":[145],"elements":[148],"\u201cquiet":[151],"revolution\u201d":[152],"(Blinder":[153],"2004)":[154],"banking":[157],"has":[158,179,203],"been":[159,180],"change":[161],"way":[164],"decisions":[167,197],"are":[168],"taken:":[169],"\u201cdictatorial":[171],"bank":[173],"governor\u201d":[174],"past":[177],"increasingly":[178],"replaced":[181,205],"by":[182,209],"taking":[184],"Today,":[188],"No":[201],"country":[202],"ever":[204],"single":[211],"maker":[213],"(Mahadeva":[214],"Sterne":[216],"2000).":[217],"addition,":[219],"become":[223],"much":[224],"transparent":[226],"(see":[227],"van":[228],"der":[229],"Cruijsen":[230],"Eijffinger,":[232],"volume).":[234]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2016-06-24T00:00:00"}