Voting record and monetary policy predictability: evidence on six central banks

0421258 - NHU-C 2014 RIV US eng C - Konferenční příspěvek (zahraniční konf.)
Horváth, R. - Šmídková, K. - Zápal, Jan
Voting record and monetary policy predictability: evidence on six central banks.
Central Bank Communication, Decision Making, and Governance. Cambridge: MIT Press, 2013 - (Siklos, P.; Sturm, J.), s. 251-271. ISBN 978-0-262-01893-7.
[CESifo Venice Summer Institute 2010. Venice (IT), 19.07.2010-24.07.2010]
Institucionální podpora: PRVOUK-P23
Klíčová slova: decision making * business communication * monetary policy
Kód oboru RIV: AH - Ekonomie

Horvath, Smidkova, and Zapal’s empirical work considers how expectations of future interest rates are influenced by committee disagreements. The results point to a strong and significant link between the voting record of MPCs and interest rate expectations. In addition, the findings are robust to a number of modifications to the baseline specification and to the choice of sample periods.
Trvalý link: http://hdl.handle.net/11104/0227749