Affiliation: 
University of Oxford
Credentials: 
Associate Professor

Voting history

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:
Very confident
Comment:
Using more unconventional tools can expand the instruments of the central bank. Therefore, it is going to be easy to achieve the target.

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:
Neither agree nor disagree
Confidence level:
Very confident
Comment:
From one side, if we increase the number of targets, it is going to be difficult for the central bank to achieve them. On the other side, housing is extremely important for households and demand stabilization. However, the same target can be achieved with some unconventional tools, like macroprudential policies.

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:
Global factors
Confidence level:
Confident
Comment:
The UK is an open economy, therefore what happens in the rest of the world is very important.

 Question 1: Which of the following scenarios is most likely to hold on average for most of the upcoming decade?

Answer:
No opinion
Confidence level:
Extremely confident
Comment:
I think it is very difficult to predict inflation in 10 years from now.

Post Covid-19 Potential Output in the Eurozone

Question 2: How much lower will the potential growth rate of GDP in the Eurozone in 2025 be due to Covid-19 relative to pre-Covid forecasts?

 

Answer:
No different
Confidence level:
Confident
Comment:
Once again it depends on the policies played by the European policymakers. There is a lot of uncertainty about them, but if they will play the right policies growth rate can be back to the "normal" level.

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