Francesco Caselli's picture
Affiliation: 
London School of Economics
Credentials: 
Norman Sosnow Chair in Economics

Voting history

Juncker's State of the Union Address

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Question 2: Do you agree that the euro has had more benefits than costs?

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Answer:
Strongly agree
Confidence level:
Very confident

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Question 1; Do you agree that euro membership should be compulsory for all EU member states?

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Answer:
Strongly disagree
Confidence level:
Very confident
Comment:
I mean, seriously?

Wages and economic recoveries

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Question 2: Do you agree that the different behaviour of UK real wages relative to Eurozone wages during the Great Recession is in large part due to the UK having different labour market policies?

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Answer:
No opinion
Confidence level:
Confident

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Question 1: Do you agree that lower real wage growth was beneficial for employment levels during the Great Recession?

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Answer:
No opinion
Confidence level:
Very confident

Happiness and well-being as objectives of macro policy

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Question 2: Do you agree that quantitative well-being analysis should play an important role in guiding policy makers in determining macroeconomic policies?

 
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Answer:
Neither agree nor disagree
Confidence level:
Confident
Comment:
I don't think we are anywhere near the position of being able to predict the impact of various policies on well being. Hell, we are finding it hard enough to predict it for economic activity or consumption or labor supply! So I don't think the maximization problem solved by the government to set specifici policies should (yet) have quantitative measures of well being as the objective function. However I am sympathetic to using these measures as one (among many) criteria to give weights to varous "intermediate" targets, such as consumption, unemployment, inflation, etc.

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