Philippe Martin's picture
Affiliation: 
Sciences Po, Paris
Credentials: 
Professor of Economics

Voting history

Labour Markets and Monetary Policy

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Question 2: Do you agree that, in a period of great uncertainty and after a prolonged period of weak real wage growth, monetary policy makers can afford to wait for greater certainty about real wage developments and building inflationary pressure before raising interest rates?

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Answer:
Strongly Agree
Confidence level:
Very confident
Comment:
The uncertainty on the level of output gaps and potential output is very large and recent research has shown that standard measures of potential output responds to monetary shocks. In this type of situation better to err in the direction of waiting observed pressures on wages and prices to tighten.

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Question 1: Do you agree that a strong labour market is a good indicator of building inflationary pressure?

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Answer:
Agree
Confidence level:
Very confident
Comment:
The answer depends how one defines strong labour market. Standard unemployment rates may not be enough to judge the strength of the labor market. Participation rates, non standard jobs, part time jobs... may be as or more important.

Bitcoin and the City

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Question 2: Do you agree that the regulatory oversight of cryptocurrencies needs to be increased?

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Answer:
Agree
Confidence level:
Very confident

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Question 1: Do you agree that cryptocurrencies are currently a threat to the stability of the financial system, or can be expected to become a threat in the next couple of years?

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Answer:
Agree
Confidence level:
Confident

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:
Neither agree nor disagree
Confidence level:
Confident
Comment:
It depends a lot for which countries and the benefist have been less than expected. For some countries the cotsts have been larger than the benefits but this does not imply that they should exit there are also large costs to leave.

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