Silvana Tenreyro's picture
Affiliation: 
London School of Economics

Voting history

National Living Wage and the UK economy

====================================================================

Question 2: Do you agree that the new NLW will have a muted effect on wages and prices?

====================================================================

Answer:
Agree
Confidence level:
Confident
Comment:
The new NLW is unlikely to significantly affect other wages. As for prices, part of the increases in NLW might be pass through to prices in labour-intensive sectors, but the effect, again, is unlikely to be significant.

====================================================================

Question 1: Do you agree that the new National Living Wage is likely to lead to significantly lower employment?

====================================================================

Answer:
Disagree
Confidence level:
Confident
Comment:
The evidence on employment effects is ambiguous at best. At a time in which unemployment is at historical lows, it is worth experimenting the effects of an increase in minimum wages. The redistribution of rents towards workers could be a further stimulus to the economy.

Brexit and financial market volatility

======================================================================

Question 2: Do you agree that the possibility of Brexit significantly increases uncertainty and volatility in financial markets and the economy in general?

======================================================================

Answer:
Strongly Agree
Confidence level:
Very confident

======================================================================

Question 1: The value of the pound fell sharply this week. Do you agree that the public debate on Brexit can be expected to (continue to) lead to a substantially higher level of exchange rate volatility in the upcoming months?

======================================================================

Answer:
Strongly Agree
Confidence level:
Very confident

Market Turbulence and Growth Prospects

======================================================================

Question 2: Do you agree that the falls in share prices, low oil prices and the slowdown in some emerging market economies will have a significant negative impact on the UK’s economic recovery?

======================================================================

Answer:
Agree
Confidence level:
Confident
Comment:
The slowdown in emerging market economies will affect, directly or indirectly, the global demand for UK goods and services and weaken the UK recovery. Low oil prices might prove beneficial to UK households and firms, but in all, the global demand effect is likely to dominate.

Pages