Gianluca Benigno's picture
Affiliation: 
London School of Economics
Credentials: 
Associate Professor in Economics

Voting history

Brexit and financial market volatility

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Question 1: The value of the pound fell sharply this week. Do you agree that the public debate on Brexit can be expected to (continue to) lead to a substantially higher level of exchange rate volatility in the upcoming months?

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Answer:
Agree
Confidence level:
Confident

Market Turbulence and Growth Prospects

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Question 2: Do you agree that the falls in share prices, low oil prices and the slowdown in some emerging market economies will have a significant negative impact on the UK’s economic recovery?

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Answer:
Agree
Confidence level:
Confident
Comment:
The FTSE is very much exposed to the commodity sector and the fall in oil prices and commodities puts pressure on the index. Moreover the nature of the UK economy, as a small open economy, will make it prone to outside development. Most likely these recent development will push forward any rate increase by the Bank of England and might force a rethinking of the current stance of fiscal policy.

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Question 1: Do you agree that economic growth prospects for the global economy have seriously deteriorated?

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Answer:
Agree
Confidence level:
Very confident
Comment:
The slowdown in China along with the fall in commodity prices are putting pressure on emerging market economies which are no longer a small fraction of world GDP. In an integrated world the spillovers from China and emerging market economies will probably cause a decline for the growth prospect of the global economy

Autumn Statement & Charter for Budgetary Responsibility

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Question 2: Do you agree that the Charter for Budgetary Responsibility is helpful in underpinning the credibility of fiscal policy?

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Answer:
Agree
Confidence level:
Confident

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Question 1: The Chancellor forecasts a cyclically adjusted fiscal surplus by 2017-18 and in cash terms by 2019-20. Do you agree that this planned path of fiscal consolidation is appropriate?

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Answer:
Disagree
Confidence level:
Not confident

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