Dawn Holland's picture
Affiliation: 
NIESR
Credentials: 
Consultant on macroeconomic modelling and forecasting

Voting history

ECB Monetary Policy and Catch-up Inflation

Question 2: Which of the following policies is the most desirable to meet the ECBs objective to achieve its mandate of “price stability” as you understand this term.

Answer:
Hybrid policies
Confidence level:
Confident
Comment:
If agents form adaptive expectations, price level or average inflation targeting may amplify cycles.

Question 1: To what extent do you agree with the following statement? “The European Central Bank should systematically allow for inflation to exceed its target to compensate for periods of below target inflation.”

Answer:
Agree
Confidence level:
Confident
Comment:
If individuals form forward-looking, rational expectations, a commitment to offset periods of low inflation with a looser monetary stance can ease the borrowing conditions faced by households and firms in the short-term, stimulating investment and economic recovery.

Fiscal Rules in the European Monetary Union

Question 2: Which of the following is the one reform you would choose to improve fiscal rules?

Answer:
More flexible, countercyclical, or expenditure-based rules
Confidence level:
Very confident
Comment:
The second and fourth options would also form part of a thorough overhaul.

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

Answer:
Agree
Confidence level:
Extremely confident

Should We Worry About Post-Covid Inflation?

Question 2: Which of the following will be the greatest inflationary (or deflationary) force facing the UK economy?

Answer:
The UK’s exit from the EU
Confidence level:
Not confident
Comment:
The risk premium on the exchange rate may widen.

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