Dokument
| Titel: | Predicting Bank of England’s Asset Purchase Decisions with MPC Voting Records |
| Autor: | Neuenkirch, Matthias |
| Veröffentlicht: | 2013 |
| URI: | https://archiv.ub.uni-marburg.de/es/2024/0185 |
| DOI: | https://doi.org/10.17192/es2024.0185 |
| ISSN: | 1867-3678 |
| DDC: | 330 Wirtschaft |
| Publikationsdatum: | 2024-01-03 |
| Lizenz: | https://creativecommons.org/publicdomain/mark/1.0 |
| Schlagwörter: |
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| Asset Purchases, Bank of England, Predictability, Monetary Policy Committee, Voting Records., Monetary Policy |
Summary:
We use MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favoring 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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