Question 2: Do you agree that, in a period of great uncertainty and after a prolonged period of weak real wage growth, monetary policy makers can afford to wait for greater certainty about real wage developments and building inflationary pressure before raising interest rates?
Slowly raising interest rates is becoming urgent ; not because of the inflation of commodity ; but because of inflation of financial and real assets such as housing. I would like to see a progressive rise in interest rates in order to reduce at a slow pace the price of these inflated assets.
It seems that changes in unemployment in a country tell is very little on the reserve/shortage of labor available to firms in this country: there are large participation margins and many countries in the world who can supply labor. If local wages are too high, it is now very easy to subcontract some of the activities to other countries.
Question 1: Do you agree that cryptocurrencies are currently a threat to the stability of the financial system, or can be expected to become a threat in the next couple of years?
Hard to tell, this is radical uncertainty, nothing close in history as far as I can tell. The main new risk comes from the fact that most people don't understand the supply and the encryption process.
Once, when I was a graduate student, someone told me: nobody understands monetary theory, but some understand a bit better. The same is true power 3 in crypto currencies.
The CFM surveys informs the public about the views held by prominent economists based in Europe on important macroeconomic and public policy questions. Some surveys focus specifically on the UK economy (as the CFM is a UK research centre), but surveys can in principle focus on any macroeconomic question for any region. The surveys shed light on the extent to which there is agreement or disagreement among these experts. An important motivation for the survey is to give a more comprehensive overview of the beliefs held by economists and in particular to include the views of those economists whose opinions are not frequently heard in public debates.
Questions mainly focus on macroeconomic and public policy topics. Although there are some questions that focus specifically on the UK economy, the setup of the survey is much broader and considers questions related to other countries/regions and also considers questions not tied to a specific economy.
The surveys are done in collaboration with the Centre for Economic Policy Research (CEPR).
Labour Markets and Monetary Policy
======================================================================
Question 2: Do you agree that, in a period of great uncertainty and after a prolonged period of weak real wage growth, monetary policy makers can afford to wait for greater certainty about real wage developments and building inflationary pressure before raising interest rates?
======================================================================
======================================================================
Question 1: Do you agree that a strong labour market is a good indicator of building inflationary pressure?
======================================================================
Bitcoin and the City
======================================================================
Question 2: Do you agree that the regulatory oversight of cryptocurrencies needs to be increased?
======================================================================
======================================================================
Question 1: Do you agree that cryptocurrencies are currently a threat to the stability of the financial system, or can be expected to become a threat in the next couple of years?
======================================================================
A “new” UK industrial strategy ?
====================================================================
Question 2: Do you agree that the UK needs a new regional policy?
====================================================================
Pages