This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled …) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper …

committees benefits from voting insincerely accrue not only when a decision maker's vote is pivotal. As the number of voters … increases, the cost of voting insincerely declines in an open committee because the probability of being pivotal declines. This … is not the case in a closed committee where costs and benefits of insincere voting only arise when a voter is pivotal. …

We show that unexpected price level movements generate sizable wealth redistribution in the Euro Area (EA), using …