Leadership in Groups: A Monetary Policy Experiment
---- Acknowledgements -----
We are grateful to Jennifer Brown, Jae Seo, and Patrick Xiu for fine research assistance and to the National Science Foundation and Princeton's Center for Economic Policy Studies for financial support. We also acknowledge extremely helpful comments from Petra Geraats, Petra Gerlach-Kristen, Jens Grosser, Helmut Wagner, and seminar participants at Princeton, the International Monetary Fund, and the National Bureau of Economic Research. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.