David Miles's picture
Affiliation: 
Imperial College
Credentials: 
Professor of economics

Voting history

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:
Agree
Confidence level:
Confident

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Question 1: Do you agree that exceptionally loose monetary policy by the European Central Bank is no longer appropriate?

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Answer:
Disagree
Confidence level:
Confident

German current account surpluses

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Question 2: Do you agree that the German government should increase public spending given its persistently large current account surplus and given that it is part of the Eurozone?

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Answer:
Neither agree nor disagree
Confidence level:
Confident

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:
A. Non-economic reasons more important
Confidence level:
Confident
Comment:
For many people issues of sovereignty seemed the key ones. Obviously that is not inconsistent with recognising that there were likely to be some economic costs from Brexit.

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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:
I do not see how one establishes when it is clear that "economists have a united view". It is not obvious that on Brexit such a clear view exists. It is not clear, for example, that an economist who believes that the long run cost of Brexit is a few percentage points of GDP and another who thinks it is around 10% of GDP have a united view at all.

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