Jim Malley's picture
Affiliation: 
University of Glasgow
Credentials: 
Professor of Economics

Voting history

The Importance of Elections for UK Economic Activity

Question 2: Do you agree that the outcome of the general election will have non-trivial consequences for aggregate economic activity (employment and GDP)?

Answer:
Disagree
Confidence level:
Confident

Question 1: Do you agree that the austerity policies of the coalition government have had a positive effect on aggregate economic activity (employment and GDP) in the UK?

Answer:
Disagree
Confidence level:
Confident

Transparency and the Effectiveness of Monetary Policy following the Warsh Review at the Bank of England

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Question 2: Do you agree that the Bank's proposal to release the policy decision, MPC minutes and (once a quarter) the Inflation Report all at the same time justifies a change in the structure of MPC meetings from two consecutive days to a process in which in the MPC meetings are spread out over seven days?
 
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Answer:
Disagree
Confidence level:
Not confident
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Question 1: Do you agree that the simultaneous release of the policy decision, the enhanced minutes (including the voting record) of the MPC meeting and (in the relevant months) the release of the Inflation Report will facilitate inference on the likely stance of monetary policy?
 
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Answer:
Disagree
Confidence level:
Not confident

Greece’s elections and the future of the Eurozone

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Question 2: Do you agree that refusal of the core EU countries to a renegotiation of the Greek bailout agreements would carry serious risks for the economic well-being of the Eurozone?

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Answer:
Disagree
Confidence level:
Confident
Comment:
Without a doubt the short-term risks for economic prosperity in the Eurozone would increase in the face of a Greek default and exit from the Euro. However, relative to 2010, the degree of systemic risk associated with this scenario has been substantially reduced since most of this debt is no longer held by private banks. It has been “absorbed” by the ECB and other EU funds. Moreover, a number of support mechanisms have been put in place with the aim of preserving financial stability.

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