Oslo, 6 - 7 September 2007

Norges Bank (Central Bank of Norway) will host a research Workshop on monetary policy by committees in Oslo 6 - 7 September 2007.

In a modern central bank, the responsibility for monetary policy typically lies within a committee and not, as assumed in the theoretical literature, with a single policymaker. What are the arguments in for delegating monetary policy decisions to a committee? Why do the committees differ? What is a good institutional setup for monetary policy decisions within a central bank? How should a committee deliberate? How should it communicate? What are the linkages between committees and other aspects of monetary policy like communication, goal, independence etc.?

These and related questions are receiving increasing interest by researchers. The aim of the research workshop is to inspire more research on these questions and to bring together researchers working on the topics to discuss the ongoing research.

Alan S. Blinder, Princeton University, will give an opening lecture at the workshop

Program committee:
Petra Gerlach-Kristen (Swiss National Bank),
Anne Sibert (Birkbeck College, University of London),
Carl A. Claussen (Norges Bank),
Øistein Røisland (Norges Bank).

The workshop is open for registration with a final deadline 15 July 2007. Note that there is an upper limit on the number of participants. People presenting papers and discussants will be given priority.

Links to:
Program

Registration form (Word)

Practical information

Questions should be directed to mpcworkshop@norges-bank.no