Angus Armstrong's picture
Affiliation: 
National Institute of Economic and Social Research
Credentials: 
Director of Macroeconomic Research
Visiting Professor, Imperial College London

Voting history

The Future of Central Bank Independence

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

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?

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

Answer:
Agree
Confidence level:
Confident
Comment:
I do not see why the proposition will not continue to be true in the next four years.

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

Question 1: Do you agree that central bank independence in the Eurozone and the UK will decline over the next 48 months?

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

Answer:
Agree
Confidence level:
Not confident
Comment:
I do not expect an explicit change in the governance of central banks. However, since independence is granted by governments I expect that there may be some further acquiescence to government discussions, involvement and pressures. This could be significant if the politicians promises to those 'left behind' prove difficult to deliver by conventional fiscal means.

Are academic economists ‘in touch’ with voters and politicians?

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

Question 7: Voters did not know that there was near-unanimity among economists.

Do you agree that this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

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

Answer:
Agree
Confidence level:
Confident

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

Question 6: Economists did not explain the reasons for this consensus in sufficiently clear language.

Do you agree this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

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

Answer:
Disagree
Confidence level:
Not confident

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

Question 4: Voters did not believe the economic arguments put forward (for example, because they thought the arguments put forward by macroeconomists with dissenting views made more sense or because voters have little faith in economists in general).

Do you agree that this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

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

Answer:
Agree
Confidence level:
Confident

Pages