Fabrizio Coricelli's picture
Affiliation: 
Paris School of Economics
Credentials: 
Professor of Economics

Voting history

Wages and economic recoveries

====================================================================

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

====================================================================

Answer:
Agree
Confidence level:
Very confident
Comment:
The Great Recession originated from the collapse of the financial sector, which can be defined as a supply shock. Higher wages would have worsened the initial liquidity squeeze on firms, with adverse consequences for employment.

Happiness and well-being as objectives of macro policy

====================================================================

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

 
====================================================================
Answer:
Disagree
Confidence level:
Confident

====================================================================

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?

 
====================================================================
Answer:
Disagree
Confidence level:
Confident

The Future of Central Bank Independence

====================================================================

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.

====================================================================

Answer:
Strongly agree
Confidence level:
Extremely confident

====================================================================

Question 1: Do you agree that central bank independence in the Eurozone and the UK will decline over the next 48 months?

====================================================================

Answer:
Strongly agree
Confidence level:
Very confident
Comment:
The risks of breakdown of the Eurozone will force the ECB to be less independent. However, beyond the issue of independence, credibility of ECB policies are undermined by the past several years of erratic policy and several commitments to do "whatever it takes." Future policies driven to achieve inflation objectives are likely to have low credibility. This will imply undesirable effects of policies irrespective of the degree of independence of the ECB.

Pages