Albert Marcet's picture
Affiliation: 
Institut d’Analisi Economica, CSIC
Credentials: 
Professor of Economics

Voting history

House Prices and the UK economy

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Question 2: Do you agree that a more widespread weakening of the UK housing market will slow UK GDP growth significantly?

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Make sure to save each question separately

Answer:
Agree
Confidence level:
Very confident

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Question 1: Do you agree that the phenomenon of declining house prices will ripple out from the London property market leading more UK regions to experience falling prices?

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Answer:
Agree
Confidence level:
Confident
Comment:
All these house price booms and busts tend to ripple out from the central parts of metropolitan areas to the less central parts. It is harder to know how strongly it will affect other regions which did not experience the huge growth of London real estate. I would guess it will affect eventually those regions as well.

Juncker's State of the Union Address

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Question 2: Do you agree that the euro has had more benefits than costs?

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Answer:
Agree
Confidence level:
Very confident
Comment:
The design of the institutions around the euro can obviously improve, but overall it has had many beneficial effects. The euro has promoted integration of EU countries economies. It has given monetary discipline to countries that used to have chaotic monetary environments. It has given low interest rates to fund cheaply investment and some large public debts. The ECB has been one of the few European-wide institutions acting with Europe in mind during the crisis.

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Question 1; Do you agree that euro membership should be compulsory for all EU member states?

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Answer:
Disagree
Confidence level:
Confident
Comment:
It has been clear that some members of EMU have not had fiscal policies conducive to the stability of the euro. As long as euro member countries have almost complete fiscal independence it is not a good idea to integrate all EU members in the EMU.

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:
Agree
Confidence level:
Confident

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