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.”
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).
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.”
Question 2: Would you support increasing the ECB’s inflation target to a higher rate of inflation than the current 2% target?
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.”
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?
Question 2: To what extent will school closures increase inequality in human capital development?
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