Can the Chancellor still influence voting patterns in the Monetary Policy Committee at the Bank of England?
Hix, Simon; Vivyan, Nick; and Hoyland, Bjorn
(2010)
Can the Chancellor still influence voting patterns in the Monetary Policy Committee at the Bank of England?
[Online resource]
The MPC at the Bank of England was set up to make independent judgements about interest rate policy. But after studying every decision the Committee made over an eleven year period, Simon Hix, Nick Vivyan and Bjørn Høyland find evidence that by appointing members of the MPC the Chancellor of the Exchequer has been able to alter the balance of votes there. The Treasury still gets to shape the Bank’s decision-making to some extent.
| Item Type | Online resource |
|---|---|
| Copyright holders | © 2010 The Authors |
| Departments | Government |
| Date Deposited | 29 Nov 2011 12:00 |
| URI | https://researchonline.lse.ac.uk/id/eprint/39797 |
Explore Further
- http://blogs.lse.ac.uk/politicsandpolicy/2010/10/28/can-the-chancellor-still-influence-voting-patterns-in-the-monetary-policy-committee-at-the-bank-of-england/ (Publisher)
- http://www.lse.ac.uk/government/people/academic-staff/simon-hix/home.aspx (Author)
- http://blogs.lse.ac.uk/politicsandpolicy/ (Official URL)