Publication at Faculty of Social Sciences, Faculty of Mathematics and Physics, Centre for Economic Research and Graduate Education |
2013
Abstract
Horvath, Smidkova, and Zapal’s empirical work considers how expectations of future interest rates are influenced by committee disagreements. The results point to a strong and significant link between the voting record of MPCs and interest rate expectations.
In addition, the findings are robust to a number of modifications to the baseline specification and to the choice of sample periods.