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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? British Politics and Policy at LSE (28 Oct 2010) Blog Entry.

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Abstract

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: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information: © 2010 The Authors
Library of Congress subject classification: H Social Sciences > HJ Public Finance
J Political Science > JC Political theory
Sets: Departments > Government
Collections > British Politics and Policy at LSE
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 29 Nov 2011 12:00
URL: http://eprints.lse.ac.uk/39797/

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