Simon Wren-Lewis's picture
Affiliation: 
University of Oxford
Credentials: 
Professor of economics

Voting history

Euro Area Deflation and Risk for UK Economy May 2014

Question 1

Do you agree that there is a significant risk of a sustained deflation across the Euro Area in the coming two years?

Answer:
Disagree
Confidence level:
Confident
Comment:
Although I would not put the risk of deflation that high, this is irrelevant to policy in the Eurozone. Inflation at -0.1 is only slightly worse than inflation of +0.1% - there is nothing magic about negative inflation. What is clear is that inflation is too low in the Eurozone, and that recovery is too weak, so both monetary and fiscal policy need to change.

Question 2

Do you agree that a deflation in the Euro area (as defined in Question 1) would pose a considerable risk to the UK recovery?

Answer:
Agree
Confidence level:
Confident
Comment:
Weak growth in the Eurozone is not helpful to anyone. However I doubt that weak Eurozone growth would be enough on its own to halt the UK recovery.

Prospects for Economic Growth in the UK April 2014

Question 2

Do you agree that, in the wake of the financial crisis, any downward adjustment to the expected average annual long-term growth rate of the UK economy is likely to be by less than 0.25 percentage points?

Answer:
Agree
Confidence level:
Confident

Responsible long-term fiscal policy (pilot survey)

Second question:

To help ensure that advanced country governments pursue responsible fiscal policies, countries should adopt formal rules for limiting structural deficits, which are supported by primary legislation or constitutional reform.

Answer:
Agree
Confidence level:
Very confident
Comment:
Rules should be supported by independent fiscal institutions, which can advise the public if the rules are be adhered to, and when it might be sensible to break them.

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