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

Author(s): Sylvester C W Eijffinger, Ronald J Mahieu, Louis Raes
Publication Date: August 2013
Keyword(s): Central Banking, Ideal points, Voting records
JEL(s): C11, E58, E59
Programme Areas: International Macroeconomics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=9602

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.