Arbeitspapier
Central banks' voting records, and future policy
We assess whether the voting records of central bank boards are informative about future monetary policy using data on five inflation targeting countries (the Czech Republic, Hungary, Poland, Sweden and the United Kingdom). We find that in all countries the voting records, namely the difference between the average voted-for and actually implemented policy rate, signal future monetary policy, making a case for publishing the records. This result holds even if we control for the financial market expectations; include the voting records from the period covering the current global financial crisis and examine the differences in timing and style of the voting record announcements.
- Sprache
-
Englisch
- Erschienen in
-
Series: IOS Working Papers ; No. 316
- Klassifikation
-
Wirtschaft
Positive Analysis of Policy Formulation and Implementation
Monetary Policy
Central Banks and Their Policies
- Thema
-
monetary policy, voting record, transparency, collective decision-making
Geldpolitik
Zentralbank
Gruppenentscheidung
Prognoseverfahren
Inflationssteuerung
Tschechische Republik
Ungarn
Polen
Schweden
Großbritannien
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Horváth, Roman
Šmídková, Kateřina
Zápal, Jan
- Ereignis
-
Veröffentlichung
- (wer)
-
Institut für Ost- und Südosteuropaforschung (IOS)
- (wo)
-
Regensburg
- (wann)
-
2012
- Handle
- URN
-
urn:nbn:de:101:1-201207106459
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Horváth, Roman
- Šmídková, Kateřina
- Zápal, Jan
- Institut für Ost- und Südosteuropaforschung (IOS)
Entstanden
- 2012
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