Andrea Ferrero's picture
Affiliation: 
University of Oxford

Voting history

Euro weakness in 2022

Question 2: Should the ECB respond to movements in the euro-dollar exchange rate of the nature observed in 2022?

Answer:
No
Confidence level:
Extremely confident
Comment:
The ECB should continue to focus on its inflation stability mandate and thus respond to exchange rate movements only insofar as inflation is affected.

Question 1: What was the main cause for the euro’s decline relative to the US dollar in 2022?

Answer:
Monetary policy differences
Confidence level:
Confident
Comment:
If the ECB had increased interest rates more promptly, the Euro would have not depreciated as much. Yet, I'm not convinced that the ECB should have increased interest rates more promptly. The underlying causes of inflation (or at least their relative importance) are likely to be different between the Euro Area and the US.

Assisting Households Facing Rising Energy Costs

Question 3: Should a windfall tax be used to (fully or partially) finance support to households?

Answer:
Yes
Confidence level:
Very confident

Question 2: Which of the following is the best way to address the impact of rising energy costs on household finances?

Answer:
Conditional/targeted transfers
Confidence level:
Confident

Question 1: Overall, which of the following best characterises how the government’s proposed energy policies will leave the average UK household over the medium term:

Answer:
Worse off
Confidence level:
Confident
Comment:
The package is regressive and adds to the negative financial markets response to the mini budget.

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