Estimating the Preferences of Central Bankers: An Analysis of Four Voting Records
AbstractAbstract: This paper analyzes the voting records of four central banks (Sweden, Hungary, Poland and the Czech Republic) with spatial models of voting. We infer the policy preferences of the monetary policy committee members and use these to analyze the evolution in preferences over time and the differences in preferences between member types and the position of the Governor in different monetary policy committees.
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Bibliographic InfoPaper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2013-047.
Date of creation: 2013
Date of revision:
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Web page: http://center.uvt.nl
Ideal points; Voting records; Central Banking; NBP; CNB; MNB; Riksbank;
Find related papers by JEL classification:
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-13 (All new papers)
- NEP-CBA-2013-09-13 (Central Banking)
- NEP-CDM-2013-09-13 (Collective Decision-Making)
- NEP-MAC-2013-09-13 (Macroeconomics)
- NEP-MON-2013-09-13 (Monetary Economics)
- NEP-POL-2013-09-13 (Positive Political Economics)
- NEP-TRA-2013-09-13 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Working Papers IES
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- Eijffinger, S.C.W. & Mahieu, R.J. & Raes, L.B.D., 2013. "Inferring Hawks and Doves from Voting Records," Discussion Paper 2013-024, Tilburg University, Center for Economic Research.
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