Costas Milas's picture
Affiliation: 
University of Liverpool
Credentials: 
Professor of Economics

Voting history

Fiscal Rules in the European Monetary Union

Proposition 1: The existing fiscal rules for European Monetary Union members require revision.

Answer:
Agree
Confidence level:
Confident

Asset Prices and Monetary Policy

Proposition 2: Asset prices and financial imbalances are best addressed using macroprudential tools and left out of the monetary policy decision making process.

 

Answer:
Agree
Confidence level:
Confident
Comment:
You made the case loud and clear. Nothing more to add here!

Proposition 1: The Bank of England’s mandate should be officially modified to take housing or other asset prices into account in its monetary policy decisions.

Answer:
Disagree
Confidence level:
Not confident
Comment:
The Bank of England already targets CPI inflation but also takes into account how output moves relative to its long-term growth. If asset prices were also to be targeted, the natural question is "which asset price"? House prices, stock prices or, even, the exchange rate? I do not think we will (ever) end up with a clear measure of (combined) asset prices to target; let alone what the point target or target range might be...

The “Spend Now, Tax Later” Budget

Question 3: Which of the following best characterizes the pace at which the budget addresses UK’s medium term fiscal challenges (deficit and debt)?

Answer:
Other, or no opinion
Confidence level:
Confident
Comment:
About (rather than just) right...

Question 2: To what extent will the “super deduction” aide the UK’s recovery from the Covid recession?

Answer:
Moderately
Confidence level:
Confident

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