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Export Reference (APA) 
Madeira, C., Madeira, J. & Santos Monteiro, P. (2023). The origins of monetary policy disagreement: the role of supply and demand shocks. VOXEU COLUMN.
Export Reference (IEEE) 
C. M. Madeira et al.,  "The origins of monetary policy disagreement: the role of supply and demand shocks", in VOXEU COLUMN, 2023
Export BibTeX 
@null{madeira2023_1716172953000,
	year = "2023",
	url = "https://cepr.org/voxeu/columns/origins-monetary-policy-disagreement-role-supply-and-demand-shocks"
}
Export RIS 
TY  - GEN
TI  - The origins of monetary policy disagreement: the role of supply and demand shocks
T2  - VOXEU COLUMN
AU  - Madeira, C.
AU  - Madeira, J.
AU  - Santos Monteiro, P.
PY  - 2023
UR  - https://cepr.org/voxeu/columns/origins-monetary-policy-disagreement-role-supply-and-demand-shocks
AB  - The Covid-19 pandemic and the war in Ukraine have represented strong supply shocks to the economy, leading to a sharp increase in inflation since 2021. This column investigates how differences in the nature of economic shocks and central bank objectives affect disagreement over the conduct of monetary policy. Supply shocks increase the likelihood of disagreement over monetary policy decisions in central bank committees with a dual mandate. Demand shocks are associated with less disagreement. This effect is present in US monetary policy committee votes since 1957, but absent in central banks with a single mandate, such as the Bank of England.
ER  -