Akos Valentinyi's picture
Affiliation: 
University of Manchester

Voting history

A “new” UK industrial strategy ?

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Question 1: Do you agree that the UK needs a new industrial policy?

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Answer:
Strongly disagree
Confidence level:
Very confident
Comment:
The British economy has a productivity problem as it lags in labour productivity not only relative to the United States, but also relative to France and Germany. It is unclear how the proposed policies will improve labour productivity. In particular, it focuses on sector which do not lag behind in terms of labour productivity.

The Future of Central Bank Independence

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Question 3: More generally, do you agree that it is desirable to maintain central bank independence? Again focus on the near future, say next 48 months.

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Answer:
Strongly agree
Confidence level:
Extremely confident

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Question 2: Do you agree that the traditional argument that less central bank independence leads to higher inflation will (still) be relevant over the next 48 months in Western economies?

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Answer:
Agree
Confidence level:
Very confident

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Question 1: Do you agree that central bank independence in the Eurozone and the UK will decline over the next 48 months?

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Answer:
Disagree
Confidence level:
Extremely confident

German Council of Economic Experts' view of ECB policy

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Question 2: Do you agree that the ECB's monetary policy masks structural problems of member states?

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Answer:
Neither agree nor disagree
Confidence level:
Very confident
Comment:
It is not so clear how much it masks them. These structural problems are well known. The question is to what extent loose monetary policy allows the governments to postpone the costly measures which can remedy these structural problems. We do not really know as individual governments of the Eurozone would still have room for manoeuvre to postpone the required measures.

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