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- W2155287271 abstract "Voting records indicate that dissents in monetary policy committees are frequent and predictability regressions show that they help forecast future policy decisions. This paper develops a model of consensual collective decision-making and dissent, and estimates it using individual voting data from the Bank of England and the Riksbank. Regressions based on artificial data simulated from the model show that decision-making frictions help account for the predictive power of current dissents." @default.
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- W2155287271 date "2014-09-01" @default.
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- W2155287271 title "Dissent in monetary policy decisions" @default.
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- W2155287271 doi "https://doi.org/10.1016/j.jmoneco.2014.03.006" @default.
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