Francesco Giavazzi's picture
Affiliation: 
IGIER, Università Bocconi, Milano
Credentials: 
Professor of Economics

Voting history

German Council of Economic Experts' view of ECB policy

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

Question 1: Do you agree that exceptionally loose monetary policy by the European Central Bank is no longer appropriate?

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

Answer:
Strongly disagree
Confidence level:
Confident
Comment:
the question says "no longer appropriate", referring, as I interpret it to current conditions. My answer would have been different had the question referred to "conditions going forward", that is if it was forward looking, say over the next two years

German current account surpluses

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

Question 2: Do you agree that the German government should increase public spending given its persistently large current account surplus and given that it is part of the Eurozone?

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

 

Answer:
Disagree
Confidence level:
Confident
Comment:
to qualify: I think they should expand fiscal policy but by cutting taxes, not by raising spending

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

Question 1: Do you agree that German current account surpluses are a threat to the Eurozone economy?

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

Answer:
Agree
Confidence level:
Confident