Predicting Bank of England's asset purchase decisions with MPC voting records
نویسندگان
چکیده
منابع مشابه
Predicting Purchase Decisions in Mobile Free-to-Play Games
Mobile digital games are dominantly released under the freemium business model, but only a small fraction of the players makes any purchases. The ability to predict who will make a purchase enables optimization of marketing efforts, and tailoring customer relationship management to the specific user’s profile. Here this challenge is addressed via two models for predicting purchasing players, us...
متن کاملDecade of dissent: explaining the dissent voting behavior of Bank of England MPC members
We examine the dissent voting record of the Bank of England Monetary Policy Committee (MPC) in its first decade. Probit estimates indicate the impact of career experience on dissent voting is negligible, whereas the impact of forecast inflation is pronounced. In addition to finding a role for dynamics, we also find a role for unobserved heterogeneity in the form of member-specific fixed-effects...
متن کاملA Decade of Dissent: Explaining the Dissent Voting Behavior of Bank of England MPC Members
We examine the dissent voting record of the Bank of England Monetary Policy Committee (MPC). Contrary to findings in the FOMC literature (for example Havrilesky and Schweitzer, 1990; Chappell, Havrilesky, and McGregor, 1993), the effects of members’ career backgrounds and the political channel of appointment on voting behavior are negligible, reflecting the distinct institutional constraints an...
متن کاملDo MPC voting records matter? Predictability and public anticipation of monetary policy in Poland
This paper provides empirical evidence in favor of more promptly release of Monetary Policy Council voting records, not published by the National Bank of Poland before the next MPC meeting. The study shows that the voting records, if they were available, could enhance the predictability and improve the private sector forecasts of upcoming policy decisions. They reveal strong and robust predicti...
متن کاملBank asset channel
The financial intermediation sector is important not only for channeling resources from agents in excess of funds to agents in need of funds (credit channel). They also facilitate the creation of financial assets that can be used for insurance purposes. Then, when the financial sector experiences difficulties that prevent them from creating these assets, agents in the economy (being them househ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Applied Economics Letters
سال: 2013
ISSN: 1350-4851,1466-4291
DOI: 10.1080/13504851.2013.806779