Fabien Postel-Vinay's picture
Affiliation: 
University College London
Credentials: 
Professor of economics

Voting history

Global risks from rising debt and asset prices

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Question 2: Is the loose monetary policy of major central banks responsible for the recent increase in global leverage or asset values?

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Answer:
Neither agree nor disagree
Confidence level:
Not confident

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Question 1: Does the world economy face heightened risks arising from an excess of public and private debt and/or inflated asset prices?

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Answer:
Agree
Confidence level:
Confident

Wages and economic recoveries

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Question 2: Do you agree that the different behaviour of UK real wages relative to Eurozone wages during the Great Recession is in large part due to the UK having different labour market policies?

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Answer:
Agree
Confidence level:
Confident

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Question 1: Do you agree that lower real wage growth was beneficial for employment levels during the Great Recession?

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Answer:
Neither agree nor disagree
Confidence level:
Very confident
Comment:
This may be an obvious thing to say, but I agree that, holding productivity constant, some degree of wage moderation will encourage hiring. However, I also think that cross-country differences in post-recession wage growth - the dire performance of the UK in particular - reflect in part differences in the types of jobs that were created. Indeed I am very sympathetic to the observations that "low wage growth does not necessarily mean higher profits" and that "difficulties in finding financing for investment and efficiency improvements may have lowered workers’ productivity levels".

Happiness and well-being as objectives of macro policy

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Question 2: Do you agree that quantitative well-being analysis should play an important role in guiding policy makers in determining macroeconomic policies?

 
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Answer:
Agree
Confidence level:
Confident

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