Predicting Bank of England's asset purchase decisions with MPC voting records

Matthias Neuenkirch

Applied Economics Letters, 2013, vol. 20, issue 13, 1275-1278

Abstract: We use the MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favouring 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: 2013
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Working Paper: Predicting Bank of England’s Asset Purchase Decisions with MPC Voting Records (2013)
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DOI: 10.1080/13504851.2013.806779

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