Analysis of monetary policy decision making among Monetary Policy Committee members at the Central Bank of Nigeria.

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dc.contributor.authorEzema, C. C.
dc.contributor.authorOdonye, O. J.
dc.contributor.authorShitile, T. S.
dc.contributor.authorAfiemo, O. O.
dc.date.accessioned2018-11-19T14:30:31Z
dc.date.available2018-11-19T14:30:31Z
dc.date.issued2014-09
dc.description.abstractThis paper provided an empirical analysis of policy-makers' voting patterns on interest rates in Nigeria. Employing a (pooled) Taylor rule and using real-time data obtained from published personal statements of monetary policy committee members at the Central Bank of Nigeria (CBN), the paper tests for preference heterogeneity among MPC members. The aggregate reaction function as well as individual reaction functions for MPC members were used to tests whether there is a difference between the voting patterns of internal members and that of external members of the committee. Our results suggest evidence of heterogeneity among MPC members and that the voting patterns of the internal members are statistically different from that of the external members.en_US
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dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationEzema C. C., Odonye,O. J., Shitile, T. S. and Afiemo, O. O. (2014). Analysis of monetary policy decision making among Monetary Policy Committee members at the Central Bank of Nigeria. CBN Economic and Financial Review, 52(3), 71-93.en_US
dc.identifier.issn1957 – 2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/616
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeriaen_US
dc.relation.ispartofseriesVol. 52;No. 3
dc.subjectPanel data analysisen_US
dc.subjectInterest rate decisionen_US
dc.subjectMonetary policyen_US
dc.subjectCentral bankingen_US
dc.subjectCentral Bank of Nigeriaen_US
dc.titleAnalysis of monetary policy decision making among Monetary Policy Committee members at the Central Bank of Nigeria.en_US
dc.typeArticleen_US

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