Barwell, Richard, (2016), “No hawks, no doves, only consensus: How central banks set interest rates“, VoxEu, 19 December
It is generally assumed that central bankers often argue over the appropriate conduct of monetary policy. Focusing on the Bank of England’s Monetary Policy Committee, this column argues however that based on what policymakers vote for, there is no evidence that they disagree with one another in any meaningful sense. Either policymakers essentially agree all the time, or they do not vote their view.
Relevant Posts
- Demary, Markus, (2016), “Why the ECB is not to blame for low interest rates”, LSE Europpblog, 22 August
- Reinhart, Carmen, (2016), “What’s New About Today’s Low Interest Rates?“, Project Syndicate, 28 July