Fabio Canova's picture
Affiliation: 
BI Norwegian School of Management
Credentials: 
Professor of Economics

Voting history

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:
Neither agree nor disagree
Confidence level:
Confident
Comment:
measures of happiness are strongly correlated to measurable indicators. it is sufficient to use these indicators appropriately

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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:
Disagree
Confidence level:
Confident
Comment:
there is still too much heterogeneity in the perception of people regarding what the question means

The Future of Central Bank Independence

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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:
Very confident

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:
Disagree
Confidence level:
Confident
Comment:
Structural problems are present regardless of what the ECB does. ECB policies have helped to reestablish normal lending conditions. Do nto see in what why the mask problems

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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:
Strongly disagree
Confidence level:
Very confident
Comment:
My personal estimates is that without the measures inflation would be between 0.6 and 1% lower than what it is now and output about 0.5-0.8 % lower. I do not see any upturn or growth happening yet.

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