Wouter Den Haan's picture
Affiliation: 
London School of Economics
Credentials: 
Professor of economics

Voting history

Wages and economic recoveries

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Question 2: Do you agree that the different behaviour of UK real wages relative to Eurozone wages during the Great Recession is in large part due to the UK having different labour market policies?

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Answer:
Strongly agree
Confidence level:
Very confident
Comment:
The UK labour market differs in key dimensions from Eurozone labour markets. In particular, it is quite harsh and offers less worker protection. These are due to policy choices and are very likely to impact wage setting, for example, by affecting workers' bargaining position.

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Question 1: Do you agree that lower real wage growth was beneficial for employment levels during the Great Recession?

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Answer:
Disagree
Confidence level:
Very confident
Comment:
Wage moderation during the great recession may very well have been harmful for employment, given that there is empirical evidence indicating that many firms thought the main concern of firms was the inability to sell their products

Happiness and well-being as objectives of macro policy

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

 
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Answer:
Agree
Confidence level:
Confident

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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?

 
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Answer:
Agree
Confidence level:
Not confident

A “new” UK industrial strategy ?

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Question 2: Do you agree that the UK needs a new regional policy?

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Answer:
Strongly agree
Confidence level:
Confident
Comment:
UK regional developments have been very skewed with unequal progress across the country. In theory, there are useful policies that one can think of. Whether UK governments would be able to implement something sensible is less clear.

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