Jorge Braga de Macedo's picture
Affiliation: 
Nova School of Business and Economics, Lisbon
Credentials: 
Emeritus Professor of Economics

Voting history

Global risks from rising debt and asset prices

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Question 1: Does the world economy face heightened risks arising from an excess of public and private debt and/or inflated asset prices?

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Answer:
Agree
Confidence level:
Very confident
Comment:
Inflated prices of assets – as opposed to goods – represent a risk for the world economy to the extent that they slow down deleveraging but the greater risks come from threats to the international order and the absence of peer pressure that makes multilateral surveillance effective.

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Question 2: Is the loose monetary policy of major central banks responsible for the recent increase in global leverage or asset values?

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Answer:
Agree
Confidence level:
Confident
Comment:
Loose policy was also crucial to avoid further damage from the crisis in 2008 and international cooperation has been difficult even within the eurozone

Juncker's State of the Union Address

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Question 2: Do you agree that the euro has had more benefits than costs?

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Answer:
Agree
Confidence level:
Confident
Comment:
Benefits include ability to carry out better policies

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Question 1; Do you agree that euro membership should be compulsory for all EU member states?

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Answer:
Agree
Confidence level:
Extremely confident
Comment:
Commitment to join implies effort to fulfill agreed conditions