Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7351816 | European Journal of Political Economy | 2018 | 14 Pages |
Abstract
We analyze revealed policy preferences of the Monetary Policy Committee of the Bank of England. From the voting records we estimate the policy preferences with spatial models of voting. We find that internal committee members tend to hold centrist policy preferences, while more extreme policy preferences, both hawkish and dovish, are generally held by external members. An industry background is associated with more hawkish preferences.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Sylvester Eijffinger, Ronald Mahieu, Louis Raes,