a column by Donato Masciandaro, Paola Profeta and Davide Romelli for VOX: CEPR’s Policy Portal
Women are increasingly represented in central banks, yet little is known about the role they play in monetary policymaking.
Using a new global dataset on the presence of women on central bank monetary policy committees in 2002-2016, this column finds that for the same level of inflation, a higher share of women on the central bank board is associated with a higher interest rate.
The findings suggest that women in central banks have a more hawkish attitude, and that heterogeneity of monetary policy committees can have an impact on monetary policy decisions.
Continue reading
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment