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 …

decision by mitigating a voting externality. Hence, institutions may adopt public voting when the fear of blame is too little …, and secret voting when the fear is too much. We also show that public voting is particularly desirable in committees with … overly biased members or overly biased voting rules against the alternative …