Predicting Bank of England's asset purchase decisions with MPC voting records

We use the MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favouring an increase in the volume of asset purchases raises the probability of an actual increase at the next meeting. Second, minority voting supporting a higher Bank Rate decreases the likelihood of further asset purchases.

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Year of publication:	2013
Authors:	Neuenkirch, Matthias
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 20.2013, 13, p. 1275-1278
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010691014