Estimating the preferences of central bankers: an analysis of four voting records

Sylvester Eijffinger, Ronald Mahieu and Louis Raes

No 9602, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: 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.

Keywords: Ideal points; Voting records; Central banking (search for similar items in EconPapers)
JEL-codes: C11 E58 E59 (search for similar items in EconPapers)
Date: 2013-08
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Citations: View citations in EconPapers (17)

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