文章基本信息

标题：Preference heterogeneity in monetary policy committees
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作者：Alessandro Riboni ; Francisco Ruge-Murcia
期刊名称：DNB Working Papers / De Nederlandsche Bank
出版年度：2007
卷号：1
出版社：De Nederlandsche Bank
摘要：This short paper employs individual voting records of the Monetary Policy Committee (MPC) of the Bank of England to study heterogeneity in policy preferences among committee members. The analysis is carried out using a simple generalization of the standard Neo Keynesian framework that allows members to differ in the weight they give to output compared with inflation stabilization and in their views regarding optimal inflation and natural output. Results indicate that, qualitatively, MPC members are fairly homogeneous in their policy preferences, but that there are systematic quantitative differences in their policy reaction functions that are related to the nature of their membership and career background.
关键词：Committees, reaction functions, Bank of England