English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Zendy Plus

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Zendy Tools

Zendy Open

It is widely believed that setting monetary policy through a major- ity voting commitee has major bene…ts. It is argued that a monetary policy committee can take personalities out of monetary policy deci- sions, while at the same time oering the opportunity to consider and debate a range of possible policy responses. Critical to understand- ing these claims would be an assessment of how such a committee functions. In this paper we consider interval censored responses of individual committee members when there is both heterogeneity and interaction among members. In addition to heterogeneity in policy responses arising from several dierent sources, we identify signi…cant interactions between committee members.

Taking Personalities Out of Monetary Policy Decision Making? Interactions, Heterogeneity and Committee Decisions in the Bank of England's MPC