Item

Inferring hawks and doves from voting records

Eijffinger,Sylvester
; 
Mahieu,Ronald
; 
Raes,Louis
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.
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Date
2018-01
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Tilburg University Research Output Collection
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Keywords
voting records, central banking, committees, ideal points, E58 - Central Banks and Their Policies, E59 - Other, C11 - Bayesian Analysis: General, SDG 17 - Partnerships for the Goals
Citation
Eijffinger, S, Mahieu, R & Raes, L 2018, 'Inferring hawks and doves from voting records', European Journal of Political Economy, vol. 51, pp. 107-120. https://doi.org/10.1016/j.ejpoleco.2017.03.004
URI
https://hdl.handle.net/20.500.14602/68750
License
info:eu-repo/semantics/closedAccess
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