Horvath, Roman; Rusnak, Marek; Smidkova, Katerina; … - Volkswirtschaftliche Fakultät, … - 2011
Abstract We examine the determinants of the dissent in central bank boards’ voting records about monetary policy rates … the attendant model uncertainty using Bayesian model averaging. We find that the rate of dissent is between 5% and 20% in …, are not robust determinants of voting dissent. The difference in central bankers’ preferences is likely to drive the …