In this article, policies are negotiated in a committee by playing a dynamic voting game with an endogenous default (or … maker to commit to a policy that in absence of committees is not time consistent. The disciplinary role of the endogenous …

different voting protocols. The protocols are a consensus model, where a supermajority is required for a policy change; an … across central banks. The models are estimated by maximum likelihood using interest rate decisions by the committees of five … alternative models. This suggests that despite institutional differences, committees share unwritten rules and informal procedures …

MathML source. This leads us to define a family of sequential voting rules, defined as the sequential composition of local … voting rules. These rules relate to the setting of conditional preference networks (CP-nets) recently developed in the …

Voting on multiple related issues is an important and difficult problem. The key difficulty is that the number of … election because she can strategically determine the order. While this is undeniably a negative feature of sequential voting …

Voting records indicate that dissents in monetary policy committees are frequent and predictability regressions show … estimated using voting data from the Bank of England and the Riksbank. Stochastic simulations show that the decision …

This short paper employs individual voting records of the Monetary Policy Committee (MPC) of the Bank of England to …