- Copyright Page
- Central Banking’s Long March over the Decades
- Monetary Policy Committees and Voting Behavior
- Peaks and Troughs: Economics and Political Economy of Central Bank Independence Cycles
- The Governance of Central Banks: With Some Examples and Some Implications for All
- Can the Central Bank Alleviate Fiscal Burdens?
- The Impact of the Global Financial Crisis on Central Banking
- Strategies for Conducting Monetary Policy: A Critical Appraisal
- Central Bank Communication: How to Manage Expectations?
- Central Bank Communications: A Case Study
- Transparency of Monetary Policy in the Postcrisis World: Nergiz Dincer, Barry Eichengreen, and Petra Geraats
- Real Estate, Construction, Money, Credit, and Finance
- Inside the Bank Box: Evidence on Interest-Rate Pass-Through and Monetary Policy Transmission
- Term Premium Variability and Monetary Policy
- Open Market Operations
- Central Banking and Prudential Regulation: How the Wheel Turns
- Central Banks’ New Macroprudential Consensus
- Central Banks and the New Regulatory Regime for Banks
- Macroprudential Regulation of Banks and Financial Institutions
- Central Banking and Crisis Management from the Perspective of Austrian Business Cycle Theory
- The Changing Role of the Central Bank in Crisis Avoidance and Management
- Managing Macrofinancial Crises: The Role of the Central Bank
- Macromodeling, Default, and Money
- Model Uncertainty in Macroeconomics: On the Implications of Financial Frictions
- What Has Publishing Inflation Forecasts Accomplished? Central Banks and Their Competitors
Abstract and Keywords
In this chapter we suggest to use Bayesian ideal point estimation to analyze voting in monetary policy committees. Using data from the Riksbank we demonstrate what this entails and we compare ideal point estimates with the results from traditional approaches. We end by suggesting possible extensions.
Sylvester Eijffinger is Full Professor of Financial Economics and Jean Monnet Professor of European Financial and Monetary Integration at Tilburg University.
Ronald Mahieu is Professor of Finance and Innovation at Tilburg University.
Louis Raes is Assistant Professor at Tilburg School of Economics and Management, Tilburg University.
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