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

Voting history

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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Question 1: Do you agree that subjective well-being measures, or at least some of the subindices from the typical survey measures, are now reliable enough to give useful insights when used in macroeconomic empirical analysis?

 
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Answer:
Neither agree nor disagree
Confidence level:
Confident

A “new” UK industrial strategy ?

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Question 2: Do you agree that the UK needs a new regional policy?

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Answer:
Agree
Confidence level:
Not confident

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