Elias Papaioannou's picture
Affiliation: 
London Business School

Voting history

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:
Very confident
Comment:
It is vital and desirable to maintain central bank independence in the coming years, as attacks to central banks from populists will continue. During the eurozone crisis, the ECB has emerged as perhaps the strongest anchor of stability in Europe. And quite often, the EU Council, mostly the Euro-group, have hided behind ECB actions. To maintain much-needed central bank independence in the euroarea, the Eurogroup and the Council have to take responsibility for their actions.

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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:
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:
Strongly disagree
Confidence level:
Very confident
Comment:
Central bank independence in the Eurozone will continue to be strong. However, politicians from all EZ member countries will continue criticizing ECB policies.

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:
Strongly agree
Confidence level:
Very 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

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