Ricardo Reis's picture
Affiliation: 
London School of Economics and Columbia University
Credentials: 
Professor of economics

Voting history

German current account surpluses

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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:
Current account imbalances during 2000-8 played a central role in the Eurozone crisis of 2010-12 (http://cepr.org/active/publications/discussion_papers/dp.php?dpno=9493) and are more generally a frequent signal of financial and macro stresses (http://www.nber.org/papers/w17877). Therefore, a large and continued current account surplus should be cause for some concern, for Germany, the Eurozone, and the rest of the world. At the same time, this does not imply that normalization of the current account should occur very quickly or require bold policies (http://cepr.org/active/publications/discussion_papers/dp.php?dpno=9933) .

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

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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:
Disagree
Confidence level:
Confident

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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:
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:
Not confident

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Question 4: Voters did not believe the economic arguments put forward (for example, because they thought the arguments put forward by macroeconomists with dissenting views made more sense or because voters have little faith in economists in general).

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:
Not confident

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