Akos Valentinyi's picture
Affiliation: 
University of Manchester

Voting history

Are academic economists ‘in touch’ with voters and politicians?

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Question 2: What do you think is the most likely reason that a majority of UK voters went against the near unanimous advice of the economics profession?

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Answer:
B. Arguments considered wrong
Confidence level:
Confident
Comment:
The arguments were considered wrong as they did not address the actual problems the voters faced.

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Question 1: Do you agree that the economics profession needs an institutional change that promotes the ability to communicate more effectively with policy-makers and the public at large and to make clear when economists have a united view; and do you agree that we need to introduce leadership to help achieve this improvement through coordinated efforts?

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Answer:
Disagree
Confidence level:
Confident
Comment:
People who voted for BREXIT are largely those who did not benefit from globalisation or lost out. The economics profession currently offers no solution to their problem. It is hard to believe that any communication irrespective how effect that might have been, would have changed the mind of the voters who feel that no one offers a solution to their problems. BREXIT will not solve their problem according to the prevailing view of economists, but if people get no answer, they often accept wrong ones.

Brexit: the potential of a financial catastrophe and long-term consequences for the UK financial sector

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Question 2: What is the probability that the UK experiences such a significant disruption to financial markets and asset prices following a vote for Brexit on 23 June?

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Answer:
31-70%
Confidence level:
Very confident

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Question 1: Do you agree that there would be substantial negative long-term consequences for the UK financial sector if the UK were to leave the EU?

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Answer:
Agree
Confidence level:
Very confident

The future role of (un)conventional unconventional monetary policy

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Question 2:  Do you agree that central banks should operationalise the use of these alternative tools of unconventional monetary policy for use either in the near term, or in the future, as economic conditions warrant?

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Answer:
Strongly agree
Confidence level:
Very confident

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