| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16563 |
| DP16563 Diverse Policy Committees Can Reach Underrepresented Groups | |
| Francesco D'Acunto; Andreas Fuster; Michael Weber | |
| 发表日期 | 2021-09-17 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Increasing the diversity of policy committees has taken center stage worldwide, but whether and why diverse committees are more effective is still unclear. In a randomized control trial that varies the salience of female and minority representation on the Federal Reserve’s monetary policy committee, the FOMC, we test whether diversity affects how Fed information influences consumers' subjective beliefs. Women and Black respondents form unemployment expectations more in line with FOMC forecasts and trust the Fed more after this intervention. Women are also more likely to acquire Fed-related information when associated with a female official. White men, who are overrepresented on the FOMC, do not react negatively. Heterogeneous taste for diversity can explain these patterns better than homophily. Our results suggest more diverse policy committees are better able to reach underrepresented groups without inducing negative reactions by others, thereby enhancing the effectiveness of policy communication and public trust in the institution. |
| 主题 | Monetary Economics and Fluctuations |
| URL | https://cepr.org/publications/dp16563 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545514 |
| 推荐引用方式 GB/T 7714 | Francesco D'Acunto,Andreas Fuster,Michael Weber. DP16563 Diverse Policy Committees Can Reach Underrepresented Groups. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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