Robert Kollmann's picture
Affiliation: 
Université Libre de Bruxelles
Credentials: 
Professor of Economics
Research Fellow, CEPR
PhD, University of Chicago

Voting history

Global risks from rising debt and asset prices

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Question 2: Is the loose monetary policy of major central banks responsible for the recent increase in global leverage or asset values?

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Answer:
Agree
Confidence level:
Confident
Comment:
Loose monetary policy contributed to the recent increase in leverage and asset values. However, loose monetary policy was vital for supporting real activity, in the aftermath of the global crisis. Thus, central banks had no alternative. However, a much more aggressive tightening of financial sector regulation should have been enacted after the crisis, to improve financial stability. This would have helped to check the post-crisis rise in asset prices and leverage. Governments are to blame for this (lack of political will), not central banks.

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Question 1: Does the world economy face heightened risks arising from an excess of public and private debt and/or inflated asset prices?

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Answer:
Strongly agree
Confidence level:
Very 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:
Strongly agree
Confidence level:
Extremely confident
Comment:
The Euro is essential for the project of ever closer economic and political integration between the member states. That project is vital for the prosperity and welfare of Europe, and for its influence in the world. So, yes, the benefits of the Euro far outweigh the costs.

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Question 1; Do you agree that euro membership should be compulsory for all EU member states?

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Answer:
Strongly agree
Confidence level:
Extremely confident
Comment:
Euro membership for all EU states should be absolutely compulsory, as Euro membership is vital for further economic and political integration.

Wages and economic recoveries

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Question 2: Do you agree that the different behaviour of UK real wages relative to Eurozone wages during the Great Recession is in large part due to the UK having different labour market policies?

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Answer:
Neither agree nor disagree
Confidence level:
Confident

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