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:
Contact details of provider:
Web page: http://center.uvt.nl
Ideal points; Voting records; Central Banking; NBP; CNB; MNB; Riksbank;
Other versions of this item:
- Eijffinger, Sylvester C W & Mahieu, Ronald J & Raes, Louis, 2013. "Estimating the preferences of central bankers: an analysis of four voting records," CEPR Discussion Papers 9602, C.E.P.R. Discussion Papers.
- 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.:
- Alan S. Blinder, 2005.
"Monetary Policy by Committee: Why and How?,"
84, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Eijffinger, S.C.W. & Mahieu, R.J. & Raes, L.B.D., 2013.
"Inferring Hawks and Doves from Voting Records,"
2013-024, Tilburg University, Center for Economic Research.
- Roman Horváth & Katerina Šmídková & Jan Zápal, 2012.
"Central Banks' Voting Records and Future Policy,"
International Journal of Central Banking,
International Journal of Central Banking, vol. 8(4), pages 1-19, December.
- Roman Horváth & Kateøina Šmídková & Jan Zápal, 2011. "Central Banks’ Voting Records and Future Policy," Working Papers IES 2011/37, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2011.
- Roman Horváth & Kateřina Šmídková & Jan Zápal, 2012. "Central Banks' Voting Records and Future Policy," Working Papers 316, Institut für Ost- und Südosteuropaforschung (Institute for East and South-East European Studies).
- Roman Horvath & Katerina Smidkova & Jan Zapal, 2010. "Central Banks' Voting Records and Future Policy," Working Papers 2010/11, Czech National Bank, Research Department.
- Sirchenko, Andrei, 2010.
"Policymakers' Votes and Predictability of Monetary Policy,"
University of California at San Diego, Economics Working Paper Series
qt8qj3z3qg, Department of Economics, UC San Diego.
- Andrei Sirchenko, 2011. "Policymakers' Votes and Predictability of Monetary Policy," Economics Working Papers ECO2011/05, European University Institute.
- Horvath, Roman & Rusnak, Marek & Smidkova, Katerina & Zapal, Jan, 2011.
"Dissent voting behavior of central bankers: what do we really know?,"
34638, University Library of Munich, Germany.
- Roman Horváth & Kateøina Šmídková & Jan Zápal & Marek Rusnák, 2012. "Dissent Voting Behavior of Central Bankers: What Do We Really Know?," Working Papers IES 2012/05, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Feb 2012.
- Jung, Alexander & Kiss, Gergely, 2012. "Preference heterogeneity in the CEE inflation-targeting countries," European Journal of Political Economy, Elsevier, vol. 28(4), pages 445-460.
- Ansgar Belke, 2014. "Monetary Dialogue 2009-2014 – Looking Backward, Looking Forward," Ruhr Economic Papers 0477, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
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