Ethan Ilzetzki's picture
Affiliation: 
London School of Economics

Voting history

Central Bank Digital Currency for the UK

Question 2: What effect will the introduction of a CBDC have on UK banks?

Answer:
Moderate harm
Confidence level:
Not confident at all
Comment:
I doubt CBDCs will be designed in such a way that they usurp banks' traditional role. If banks are "disrupted" it will be due to private sector developments and I expect banks will evolve to face these new challenges.

Question 1: How beneficial would it be to the UK economy for the Bank of England to introduce a central bank digital currency in some form in the upcoming decade?

 

Answer:
Beneficial
Confidence level:
Not confident at all
Comment:
Times will require the Bank to introduce a CBDC. Its cost and benefits will depend greatly on design.

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:
Expansion of EU level fiscal capacity for expanded mutual insurance
Confidence level:
Not confident

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

Answer:
Agree
Confidence level:
Extremely 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:
Strongly disagree
Confidence level:
Confident
Comment:
There is only so much that macroprudential tools can do and it is important to keep the door open to the "sledgehammer" of interest rate policy that might be needed to rein in financial excesses.

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