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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- Roman Horváth & Katerina Šmídková & Jan Zápal, 2012.
"Central Banks' Voting Records and Future Policy,"
International Journal of Central Banking,
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- 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.
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University of California at San Diego, Economics Working Paper Series
qt8qj3z3qg, Department of Economics, UC San Diego.
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- 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.
- 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.
- Alan S. Blinder, 2005.
"Monetary Policy by Committee: Why and How?,"
84, Princeton University, Department of Economics, Center for Economic Policy Studies..
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