Costas Milas's picture
Affiliation: 
University of Liverpool
Credentials: 
Professor of Economics

Voting history

Monetary policy and the zero lower bound (ZLB)

============================================================

Question 2: Do you agree that the benefits of reforming the monetary system to allow materially negative policy interest rates outweigh the possible costs?

============================================================

Answer:
Disagree
Confidence level:
Confident

============================================================

Question 1: Do you agree that it is feasible for the UK authorities to change the monetary system so that materially negative policy interest rates could be safely implemented? (In answering, you may wish to explain your reasons and define your view of 'material')

============================================================

Answer:
Disagree
Confidence level:
Confident

The Importance of Elections for UK Economic Activity

Question 2: Do you agree that the outcome of the general election will have non-trivial consequences for aggregate economic activity (employment and GDP)?

Answer:
Agree
Confidence level:
Confident
Comment:
This is conditional on whether a Brexit referendum takes place.A Brexit referendum will add to investor uncertainty, pushing up borrowing costs that companies face and therefore delay their investment decisions. As a result, economic growth will take a hit. So far, those arguing for a British exit have (in my view) failed to present an economically convincing argument of the advantages of leaving the EU. That said, the "in" camp, have also been reluctant to confidently articulate their case. With both camps equally unprepared to push forward their arguments, one is left wondering why we really need a referendum. An unnecessary distraction we could definitely do without.

Question 1: Do you agree that the austerity policies of the coalition government have had a positive effect on aggregate economic activity (employment and GDP) in the UK?

Answer:
Agree
Confidence level:
Confident
Comment:
IMF World economic outlook data suggest that UK GDP (based on Purchasing Power Parity per capita GDP; current international dollar) increased by 14.5% over 2010-2015. This is less than the 16% increase recorded for the G7 group as a whole but quite a substantial increase if one considers that the UK budget deficit is expected to shrink from 10% of GDP in 2010 to 4.1% of GDP in 2015 (IMF data).

Transparency and the Effectiveness of Monetary Policy following the Warsh Review at the Bank of England

=====================================================================
 
Question 2: Do you agree that the Bank's proposal to release the policy decision, MPC minutes and (once a quarter) the Inflation Report all at the same time justifies a change in the structure of MPC meetings from two consecutive days to a process in which in the MPC meetings are spread out over seven days?
 
=====================================================================
 

 

Answer:
Disagree
Confidence level:
Confident

Pages