DP9602 | Estimating the preferences of central bankers: an analysis of four voting records

Publication Date

18/08/2013

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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.