Analysis of Monetary Policy Decision Making among Heterogeneous Monetary Policy Committee (MPC) 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.accessioned2018-03-26T08:53:51Z
dc.date.available2018-03-26T08:53:51Z
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
dc.description.provenanceSubmitted by Mary Ndubuisi (ndimay@gmail.com) on 2018-03-20T13:54:02Z No. of bitstreams: 1 Pages from CBN EFR Vol 52 No 3 September 2014-5 Ezema, C. C., O. J.Odonye, T. S. Shitile and O. O. Afiemo.pdf: 502905 bytes, checksum: 9e211a6666a3c2228387844a8b16814a (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-03-20T13:59:32Z (GMT) No. of bitstreams: 1 Pages from CBN EFR Vol 52 No 3 September 2014-5 Ezema, C. C., O. J.Odonye, T. S. Shitile and O. O. Afiemo.pdf: 502905 bytes, checksum: 9e211a6666a3c2228387844a8b16814a (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-03-26T08:50:32Z (GMT) No. of bitstreams: 1 Pages from CBN EFR Vol 52 No 3 September 2014-5 Ezema, C. C., O. J.Odonye, T. S. Shitile and O. O. Afiemo.pdf: 502905 bytes, checksum: 9e211a6666a3c2228387844a8b16814a (MD5)en
dc.description.provenanceMade available in DSpace on 2018-03-26T08:53:51Z (GMT). No. of bitstreams: 1 Pages from CBN EFR Vol 52 No 3 September 2014-5 Ezema, C. C., O. J.Odonye, T. S. Shitile and O. O. Afiemo.pdf: 502905 bytes, checksum: 9e211a6666a3c2228387844a8b16814a (MD5) Previous issue date: 2014-09en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationEzema, C. C., et al (2014). Analysis of Monetary Policy Decision Making among Heterogeneous Monetary Policy Committee (MPC) members at the Central Bank of Nigeria. Economic and Financial Review, 52(3), 71-93en_US
dc.identifier.issn1957-2698
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/137
dc.language.isoenen_US
dc.publisherResearch Department, Central Bank of Nigeriaen_US
dc.relation.ispartofseriesEconomic and Financial Review;Vol. 52, No. 3
dc.subjectPanel Data Analysisen_US
dc.subjectInterest Rate Decisionen_US
dc.subjectMonetary Policyen_US
dc.subjectCentral Bankingen_US
dc.titleAnalysis of Monetary Policy Decision Making among Heterogeneous Monetary Policy Committee (MPC) members at the Central Bank of Nigeriaen_US
dc.typeArticleen_US

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