| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5059691 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠The Zero-Inflated Ordered Probit model of Harris and Zhou (2007) is generalized. ⺠The choice spectrum is dominated by one outcome, irrespective of its position. ⺠The model is applied to the voting behavior of Bank of England MPC members. ⺠No change decisions derive from two distinct data generating processes. ⺠Inflation forecast uncertainty is shown to temper voting decisions to change rates.
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Economics and Econometrics
Authors
Robert Brooks, Mark N. Harris, Christopher Spencer,