Estimating the Preferences of Central Bankers: An Analysis of Four Voting Records

European Banking Center Discussion Paper No. 2013-009

CentER Discussion Paper Series No. 2013-047

26 Pages Posted: 30 Aug 2013

See all articles by Sylvester C. W. Eijffinger

Sylvester C. W. Eijffinger

Tilburg University (CentER) - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute); Centre for Economic Policy Research (CEPR)

Ronald Mahieu

Tilburg University - Center for Economic Research, Econometrics and Finance Group; TiasNimbas Business School

Louis Raes

Tilburg University; Tilburg University - European Banking Center

Multiple version iconThere are 2 versions of this paper

Date Written: August 29, 2013

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.

Keywords: Ideal points, Voting records, Central Banking, NBP, CNB, MNB, Riskbank

JEL Classification: E58, E59, C11

Suggested Citation

Eijffinger, Sylvester C. W. and Mahieu, Ronald J. and Raes, Louis, Estimating the Preferences of Central Bankers: An Analysis of Four Voting Records (August 29, 2013). CentER Discussion Paper Series No. 2013-047. Available at SSRN: https://ssrn.com/abstract=2317678 or http://dx.doi.org/10.2139/ssrn.2317678

Sylvester C. W. Eijffinger (Contact Author)

Tilburg University (CentER) - Department of Economics ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 466 2411 (Phone)
+31 13 466 3042 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Ronald J. Mahieu

Tilburg University - Center for Economic Research, Econometrics and Finance Group ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 466 2430 (Phone)
+31 13 466 3280 (Fax)

HOME PAGE: http://center.uvt.nl/staff/mahieu/

TiasNimbas Business School ( email )

Warandelaan 2
Tilburg, North-Brabant 5071HS
Netherlands

Louis Raes

Tilburg University ( email )

P.O. Box 90153
Tilburg, DC 5000 LE
Netherlands

Tilburg University - European Banking Center ( email )

PO Box 90153
Tilburg, 5000 LE
Netherlands

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