Predicting Bank of England’s Asset Purchase Decisions with MPC Voting Records
We use MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favoring an increase in the volume of asset purchases raises the probability of an actual increase at the next meeting. Second, minority voting supporting a higher Bank Rate decreases the likelihood of further asset purchases.
|Date of creation:||2013|
|Publication status:||Forthcoming in|
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Web page: http://www.uni-marburg.de/fb02/
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