Flexible Majority Rules for Central Banks
提出一种灵活的多数规则，其中所需多数比例随利率变动幅度单调变化，并证明该规则优于简单多数规则。
We propose a flexible majority rule for central‐bank committees where the size of the majority depends monotonically on the change in interest rate within a particular time frame. Small changes in the interest rate require a small share, while larger changes require a larger share of supporting votes. We show that flexible majority rules are superior to simple majority rules.