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

Voting history

A “new” UK industrial strategy ?

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Question 1: Do you agree that the UK needs a new industrial policy?

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Answer:
Agree
Confidence level:
Confident
Comment:
In principle there are very useful things a government can do in terms of industrial policy, for example, in terms of investing in R&D, education, infrastructure. The question is, of course, whether governments including the current UK government are able to do it right.

The Future of Central Bank Independence

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Question 3: More generally, do you agree that it is desirable to maintain central bank independence? Again focus on the near future, say next 48 months.

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Answer:
Strongly agree
Confidence level:
Extremely confident
Comment:
Just imagine another crisis. Could policy makers respond with the speed, skill and conviction that Ben Bernanke and other central bankers did?

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Question 2: Do you agree that the traditional argument that less central bank independence leads to higher inflation will (still) be relevant over the next 48 months in Western economies?

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Answer:
Agree
Confidence level:
Confident
Comment:
Things will be different as long as we are still in "crisis mode." These days inflation seems to be well anchored (against both upward and downward forces) and I suspect that part of this is due to having a credible independent central bank.

German Council of Economic Experts' view of ECB policy

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Question 2: Do you agree that the ECB's monetary policy masks structural problems of member states?

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Answer:
Disagree
Confidence level:
Very confident
Comment:
There may be some truth to this, but if a premature withdrawal of expansionary monetary policies leads to a downward spiral then structural problems will definitely not become transparent.

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Question 1: Do you agree that exceptionally loose monetary policy by the European Central Bank is no longer appropriate?

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Answer:
Strongly disagree
Confidence level:
Very confident
Comment:
It would be extremely risky if the ECB would abandon its current course. The Eurozone is still very fragile and it would not surprise me that it could easily get much worse without the ECB's accommodating policies

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