Predicting Bank of England’s Asset Purchase Decisions with MPC Voting Records

We use MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favoring an increase in the volume of asset purchases raises the probability of an actual increase at the next meeting. Second, minority voting supporting a higher Bank Rate decreases the likelihood of further asset purchases.

MoreLess

Year of publication:	2013
Authors:	Neuenkirch, Matthias
Institutions:	Volkswirtschaft Abteilung, Fachbereich Wirtschaftswissenschaften
Subject:	Asset Purchases \| Bank of England \| Monetary Policy \| Monetary Policy Committee \| Predictability \| Voting Records

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	MAGKS Papers on Economics.
Type of publication:	Book / Working Paper
Notes:	Forthcoming in 9 pages
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010633768