Predicting Bank of England’s Asset Purchase Decisions with MPC Voting Records
Matthias Neuenkirch
MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)
Abstract:
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.
Keywords: Asset Purchases; Bank of England; Monetary Policy; Monetary Policy Committee; Predictability; Voting Records (search for similar items in EconPapers)
JEL-codes: E43 E52 E58 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2013
New Economics Papers: this item is included in nep-cba, nep-for, nep-mac and nep-mon
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Citations: View citations in EconPapers (11)
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Journal Article: Predicting Bank of England's asset purchase decisions with MPC voting records (2013) 
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Persistent link: https://EconPapers.repec.org/RePEc:mar:magkse:201322
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