Roger Farmer's picture
Affiliation: 
University of Warwick
Credentials: 
Professor of Economics

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:
Very confident
Comment:
The alternative, given what was politically feasible, would have been much worse.

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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:
Extremely confident
Comment:
PE values are close to all time highs. They can go up further. But they WILL eventually crash with very bad consequences.

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:
Disagree
Confidence level:
Confident
Comment:
Most countries have benefited from membership of the Euro at some point in time. Some countries, Greece is an example, are currently paying a substantial cost from their inability to devalue. The Euro is an unstable arrangement that will not last unless the members of the Euro area are able to forge a closer political union. This is less likely, the more countries adopt the currency.

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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:
Disagree
Confidence level:
Extremely confident
Comment:
Juncker has made it clear that he is not currently in favor of fiscal union. There is, nor never has been, any successful monetary union that does not involve significant fiscal transfers from one region to another.