Panicos Demetriades's picture
Affiliation: 
University of Leicester
Credentials: 
Professor of financial economics
Former Governor, Central Bank of Cyprus and ECB Governing Council member

Voting history

German current account surpluses

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Question 2: Do you agree that the German government should increase public spending given its persistently large current account surplus and given that it is part of the Eurozone?

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Answer:
Neither agree nor disagree
Confidence level:
Confident
Comment:
I don't think public spending is the only way forward, Germany needs to find ways to increase private spending.

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Question 1: Do you agree that German current account surpluses are a threat to the Eurozone economy?

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Answer:
Agree
Confidence level:
Very confident
Comment:
Germany needs to find ways to spend some of its surpluses, which would also help to increase demand in the Eurozone periphery. This imbalance may well effect structural factors, as Jens Weidman suggests. It doesn't mean, however, that it shouldn't be addressed. Other countries are asked to make structural reforms to become more competitive and reduce spending. Germans should overcome the fear of spending!

Are academic economists ‘in touch’ with voters and politicians?

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Question 6: Economists did not explain the reasons for this consensus in sufficiently clear language.

Do you agree this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

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Answer:
Agree
Confidence level:
Confident

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Question 7: Voters did not know that there was near-unanimity among economists.

Do you agree that this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

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Answer:
Neither agree nor disagree
Confidence level:
Confident

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Question 5: Voters think that the preferences of economists do not align with their own preferences. (This includes the possibility that they thought that the predicted negative economic consequences would not affect them personally).

Do you agree this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

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Answer:
Agree
Confidence level:
Confident

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