National Bank of Hungary studies voting by MPC members


A National Bank of Hungary working paper released in March studies preference heterogeneity in monetary policy committees (MPCs) of inflation-targeting countries in Central and Eastern Europe during the period 2005–10.

Author Alexander Jung-Gergely Kiss finds evidence that preference heterogeneity is random among the members of both the Monetary Policy Council of the National Bank of Poland and the members of the Monetary Council of the Hungarian central bank.

"The diversity of views on the

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