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The dissent voting behaviour of central bankers: what do we really know?
- 1.0399506 - NHU-C 2015 RIV GB eng J - Journal Article
Horváth, R. - Rusnák, M. - Šmídková, K. - Zápal, Jan
The dissent voting behaviour of central bankers: what do we really know?
Applied Economics. Roč. 46, č. 4 (2014), s. 450-461. ISSN 0003-6846. E-ISSN 1466-4283
Grant - others:UK(CZ) UNCE 204005/2012
Institutional support: PRVOUK-P23
Keywords : monetary policy * voting record * dissent
Subject RIV: AH - Economics
Impact factor: 0.613, year: 2014
We examine the determinants of the dissent in central bank boards voting records about monetary policy rates in the Czech Republic, Hungary, Sweden, the UK and the US. In contrast to previous studies, we consider 25 different macroeconomic, financial, institutional, psychological or preference-related factors jointly and use Bayesian model averaging (BMA) to formally assess the attendant model uncertainty. We find that the rate of dissent is between 5% and 20% for the examined central banks.
Permanent Link: http://hdl.handle.net/11104/0227450
Number of the records: 1