John VanReenen's picture
Affiliation: 
London School of Economics
Credentials: 
Professor of economics
Director of Centre for Economic Performance

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:
Agree
Confidence level:
Not confident at all

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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:
Agree
Confidence level:
Not confident

A “new” UK industrial strategy ?

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Question 2: Do you agree that the UK needs a new regional policy?

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Answer:
Agree
Confidence level:
Not confident
Comment:
The UK needs to continue decentralize more power to city-regions. See our report https://www.thersa.org/discover/publications-and-articles/reports/unleashing-metro-growth-final-recommendations

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:
Not confident

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

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Answer:
Disagree
Confidence level:
Not confident
Comment:
I think that they will both come under considerable political pressure. However, I believe the independence of these institutions is extremely important and needs to be protected. The rise of the populist right (and to a lesser extent left) is trying to undermine trust in such independent, expert institutions. This needs to be resisted. We need more such institutions, not less - see LSE Growth Commission http://www.lse.ac.uk/researchAndExpertise/units/growthCommission/documents/pdf/lseGCrep-exec.pdf

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