Too Big, Too Small: Why the Size of the FOMC Does Matter

• Autorzy: Krzysztof Mroziewicz
• Języki publikacji: EN

Abstrakty

EN

The present article discusses the effectiveness of the decision-making body of the Federal Reserve System (Federal Open Market Committee, or FOMC for short) in the context of management. It focuses on the size of the FOMC as a group larger than the optimum of the group's effectiveness (depending on the study, the optimum size of the group should be three to eight or five to seven people). The article also discusses the potential negative consequences of too large a group and ways to improve group decisions. The last part of the paper includes an explanation of the decision-making structural composition, and thus partially answers the question of why the FOMC consists of seven****teen members, and its decision-making composition of twelve(original abstract)

Słowa kluczowe

EN

Management; Public administration; Banking

PL

Zarządzanie; Administracja publiczna; Bankowość

• Czasopismo: Ekonomia - Wroclaw Economic Review
• Rocznik: 2022
• Numer: tom 28, nr 2
• Strony: 35--41

Twórcy

autor

Krzysztof Mroziewicz

Bibliografia

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Identyfikatory

DOI

10.19195/2658-1310.28.2.3