Kate Barker's picture
Affiliation: 
British Coal Staff Superannuation Scheme
Credentials: 
former member of the Bank of England Monetary Policy Committee

Voting history

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:
Agree
Confidence level:
Very confident
Comment:
Could not alter the publication schedule without this change. And previously there was sometimes less time than I would have liked to reflect on the Wednesday discussion before voting.
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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:
Strongly Agree
Confidence level:
Extremely confident
Comment:
Past practice often led to the markets interpreting the I Report one way and the minutes a different way. This will now be avoided. However, having these documents out at the same time as the vote is rather ambitious. i don't think putting them into the following week would have mattered.

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:
Strongly Agree
Confidence level:
Very confident

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Question 1: Do you agree that a Syriza victory on 25 January would lead to a significant or sustained escalation in spreads for other peripheral Eurozone countries?

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Answer:
Disagree
Confidence level:
Confident
Comment:
Even without a Syriza victory, it seems inevitable that Greece will have to change its position as above. The financial markets ought therefore to reflect this already to a large extent.

2014 Autumn Statement

 

Question 2: Do you agree that the underperformance of tax receipts in recent years, provides a strong case for higher taxes?

Answer:
Neither agree nor disagree
Confidence level:
Not confident
Comment:
There is a case for higher taxes, but not for that reason! It is to provide the right level of public services for a civilised society.

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