Silvana Tenreyro's picture
Affiliation: 
London School of Economics

Voting history

Monetary policy and the zero lower bound (ZLB)

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Question 1: Do you agree that it is feasible for the UK authorities to change the monetary system so that materially negative policy interest rates could be safely implemented? (In answering, you may wish to explain your reasons and define your view of 'material')

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Answer:
Agree
Confidence level:
Confident
Comment:
Negative policy rates could be implemented to further stimulate the economy if needed---particularly when the Treasury gives up on its role of implementing counter-cyclical fiscal policy.

Transparency and the Effectiveness of Monetary Policy following the Warsh Review at the Bank of England

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Question 1: Do you agree that the simultaneous release of the policy decision, the enhanced minutes (including the voting record) of the MPC meeting and (in the relevant months) the release of the Inflation Report will facilitate inference on the likely stance of monetary policy?
 
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Answer:
Agree
Confidence level:
Very confident
Comment:
I think the simultaneous release of information will be helpful in understanding the policy decision.
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Question 2: Do you agree that the Bank's proposal to release the policy decision, MPC minutes and (once a quarter) the Inflation Report all at the same time justifies a change in the structure of MPC meetings from two consecutive days to a process in which in the MPC meetings are spread out over seven days?
 
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Answer:
Agree
Confidence level:
Confident
Comment:
I think the Bank's proposal of simultaneous release of information justifies the change in structure of MPC meetings.The risk of leaks is hard for me to assess; if this becomes a problem, clearly the Bank will need to re-adjust.

Greece’s elections and the future of the Eurozone

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Question 2: Do you agree that refusal of the core EU countries to a renegotiation of the Greek bailout agreements would carry serious risks for the economic well-being of the Eurozone?

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Answer:
Strongly Agree
Confidence level:
Very confident

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Question 1: Do you agree that a Syriza victory on 25 January would lead to a significant or sustained escalation in spreads for other peripheral Eurozone countries?

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Answer:
Neither agree nor disagree
Confidence level:
Confident
Comment:
A Syriza victory could lead to an increase in spreads in other Eurozone countries. It is not clear whether the potential increases would be significant or sustained---this will depend on the electoral outcomes in the rest of the Eurozone in forthcoming months and Syriza's actions if in power.

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