Sweder van Wijnbergen's picture
Affiliation: 
Universiteit van Amsterdam
Credentials: 
Professor of Economics

Voting history

Happiness and well-being as objectives of macro policy

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

Question 2: Do you agree that quantitative well-being analysis should play an important role in guiding policy makers in determining macroeconomic policies?

 
====================================================================
Answer:
Disagree
Confidence level:
Confident
Comment:
We simply do not know enough about its determinants and its relation to policy instruments to guide policy makers

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

Question 1: Do you agree that subjective well-being measures, or at least some of the subindices from the typical survey measures, are now reliable enough to give useful insights when used in macroeconomic empirical analysis?

 
====================================================================
Answer:
Agree
Confidence level:
Confident
Comment:
There is enough evidence to suggest it does matter and that is not perfectly correlated to GDP. That merits further research about its determinants and on how/whether policy can influence it.

German current account surpluses

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

Question 2: Do you agree that the German government should increase public spending given its persistently large current account surplus and given that it is part of the Eurozone?

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

 

Answer:
Strongly agree
Confidence level:
Extremely confident
Comment:
Yes, srong positive externality on the rest of the Eurozone and anyhow needed given Germany's crumbling infrastructure. Germany's (public capital)/GDP ratio is HALF of the comparable ratio in the Netherlands.

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

Question 1: Do you agree that German current account surpluses are a threat to the Eurozone economy?

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

Answer:
Strongly agree
Confidence level:
Very confident
Comment:
Yes we are waiting for mr Schauble to unleash a deficit financed public investment boom. Good for the Eurozone AND good for Germany with its infrastructure slowly approaching third world quality.