Question 2: Do you agree that, in a period of great uncertainty and after a prolonged period of weak real wage growth, monetary policy makers can afford to wait for greater certainty about real wage developments and building inflationary pressure before raising interest rates?
Question 1: Do you agree that the phenomenon of declining house prices will ripple out from the London property market leading more UK regions to experience falling prices?
All these house price booms and busts tend to ripple out from the central parts of metropolitan areas to the less central parts. It is harder to know how strongly it will affect other regions which did not experience the huge growth of London real estate. I would guess it will affect eventually those regions as well.
The design of the institutions around the euro can obviously improve, but overall it has had many beneficial effects.
The euro has promoted integration of EU countries economies. It has given monetary discipline to countries that used to have chaotic monetary environments. It has given low interest rates to fund cheaply investment and some large public debts. The ECB has been one of the few European-wide institutions acting with Europe in mind during the crisis.
It has been clear that some members of EMU have not had fiscal policies conducive to the stability of the euro. As long as euro member countries have almost complete fiscal independence it is not a good idea to integrate all EU members in the EMU.
The CFM surveys informs the public about the views held by prominent economists based in Europe on important macroeconomic and public policy questions. Some surveys focus specifically on the UK economy (as the CFM is a UK research centre), but surveys can in principle focus on any macroeconomic question for any region. The surveys shed light on the extent to which there is agreement or disagreement among these experts. An important motivation for the survey is to give a more comprehensive overview of the beliefs held by economists and in particular to include the views of those economists whose opinions are not frequently heard in public debates.
Questions mainly focus on macroeconomic and public policy topics. Although there are some questions that focus specifically on the UK economy, the setup of the survey is much broader and considers questions related to other countries/regions and also considers questions not tied to a specific economy.
The surveys are done in collaboration with the Centre for Economic Policy Research (CEPR).
Labour Markets and Monetary Policy
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Question 2: Do you agree that, in a period of great uncertainty and after a prolonged period of weak real wage growth, monetary policy makers can afford to wait for greater certainty about real wage developments and building inflationary pressure before raising interest rates?
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House Prices and the UK economy
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Question 2: Do you agree that a more widespread weakening of the UK housing market will slow UK GDP growth significantly?
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Make sure to save each question separately
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Question 1: Do you agree that the phenomenon of declining house prices will ripple out from the London property market leading more UK regions to experience falling prices?
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Juncker's State of the Union Address
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Question 2: Do you agree that the euro has had more benefits than costs?
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Question 1; Do you agree that euro membership should be compulsory for all EU member states?
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