Richard Dennis's picture
Affiliation: 
University of Glasgow
Credentials: 
professor of economics

Voting history

The Future of Central Bank Independence

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Question 3: More generally, do you agree that it is desirable to maintain central bank independence? Again focus on the near future, say next 48 months.

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Answer:
Agree
Confidence level:
Confident
Comment:
I think that it is desirable to have central bank independence, however I don't think that small changes to the level of independence at the margin will have important consequences for economic outcomes over the coming 48 months.

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Question 2: Do you agree that the traditional argument that less central bank independence leads to higher inflation will (still) be relevant over the next 48 months in Western economies?

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Answer:
Disagree
Confidence level:
Not confident

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Question 1: Do you agree that central bank independence in the Eurozone and the UK will decline over the next 48 months?

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Answer:
Disagree
Confidence level:
Confident
Comment:
Some aspect of central bank decisionmaking will surely come under closer scrutiny, as the goals and instruments given to central banks to undertake macroprudential policy are still in flux. However, I don't expect that there will be significant changes to central bank independence beyond this.

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:
Neither agree nor disagree
Confidence level:
Not 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:
Neither agree nor disagree
Confidence level:
Not confident

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