Question 1: How will the increase in the corporate tax rate from 19% to 25% affect the UK’s international competitiveness in the medium term?
Answer:
Moderate damage
Confidence level:
Confident
Comment:
I thought that lower corporate and personal income taxes would have been part of the UK government's strategy to reverse, to some extent, the damage inflicted by Brexit on the economy. The increase in corporate taxes would instead exacerbate the issues around international competitiveness created by Brexit. On the other hand, I guess it lends some credibility to the government's commitment to as much fiscal prudence as these unusual times permit, which could be beneficial by creating a more stable and certain economic environment in the future. On balance, these two effect could cause damage, but not necessarily very large.
Question 1: Which of the following actions is the most advisable approach for European Central Bank to address the environmental impact of its bond-purchasing policies?
Answer:
Banning bond purchases from industries with no clear plan to get to zero emissions by 2050
Confidence level:
Confident
Question 2: Would you support changing the ECB’s mandate to incorporate the EU’s target of carbon neutrality by 2050, if such a change is deemed legally necessary to adopt your preferred approach?
Answer:
Other or no opinion
Confidence level:
Confident
Comment:
I think the ECB's mandate, which is currently very narrowly focused on price stability, should be reviewed to account for other possible objectives that relate to climate change, but not necessarily with the wording suggested in the question.
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).
The “Spend Now, Tax Later” Budget
Question 1: How will the increase in the corporate tax rate from 19% to 25% affect the UK’s international competitiveness in the medium term?
The ECB’s Green Agenda
Question 1: Which of the following actions is the most advisable approach for European Central Bank to address the environmental impact of its bond-purchasing policies?
Question 2: Would you support changing the ECB’s mandate to incorporate the EU’s target of carbon neutrality by 2050, if such a change is deemed legally necessary to adopt your preferred approach?
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?
Question 1: Which of the following scenarios is most likely to hold on average for most of the upcoming decade?
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