文章基本信息

标题：The Dynamic Voting Patterns of the Bank of England's MPC
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作者：Jan Marc Berk ; Beata Bierut ; Ellen Meade 等
期刊名称：DNB Working Papers / De Nederlandsche Bank
出版年度：2010
卷号：1
出版社：De Nederlandsche Bank
摘要：The literature on the behavior of the Bank of England’s Monetary Policy Committee (MPC) has focused on static voting patterns. We find statistical support for a dynamic pattern using a panel reaction function to analyze MPC votes over the 1997-2008 period. We find that internal and external members do not behave differently in their first year on the MPC. In their third year of tenure, internal members prefer higher policy rates, placing a higher weight on price stability and a lower weight on the output gap than external members
关键词：Central banking, Monetary policy committees, Bank of England, Voting. JEL codes: D71, D72, E52, E58.