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?
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.
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?
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).
The Future of Central Bank Independence
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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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Question 1: Do you agree that central bank independence in the Eurozone and the UK will decline over the next 48 months?
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Are academic economists ‘in touch’ with voters and politicians?
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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?
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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?
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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?
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