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

Voting history

Should the ECB Reformulate its Inflation Objective?

Question 3: Which of the following best reflects your opinion on the following statement? “The ECB should explicitly recognize unemployment and/or economic growth as a secondary aim, secondary to its price stability mandate.”

Answer:
Agree
Confidence level:
Confident
Comment:
It would probably help not least because it would calm down tensions between "hawks" and "doves". IMF data suggests that between 1999 and 2019, the Euro area recorded an average annual GDP growth of 1.44%. The 1999-2019 volatility of annual GDP growth was an alarming 1.77%. So recognising economic growth in the ECB mandate would hopefully reduce economic volatility (to say the least).

Question 2: Would you support increasing the ECB’s inflation target to a higher rate of inflation than the current 2% target?

Answer:
Oppose
Confidence level:
Confident
Comment:
In my view, a more appropriate way of dealing with this would be for the target to be a weighted average of the 2% numerical target and the recent history of inflation with (perhaps) equal weights.

Question 1: Which of the following best reflects your opinion on the following statement? “The ECB should explicitly state that it will allow inflation to temporarily exceed the 2% target following extended periods of low inflation.”

Answer:
Disagree
Confidence level:
Confident

The Economic Cost of School Closures

Question 3: To what extent will school closures increase gender inequality due to unequal gender distribution of the burden of school closures?

Answer:
To a small degree and temporarily
Confidence level:
Confident

Question 2: To what extent will school closures increase inequality in human capital development?

Answer:
By a large amount but temporarily
Confidence level:
Confident

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