Question 1: What is the total size of funding that you would advocate at the EU level in support of its members to weather the COVID-19 crisis this year?
Answer:
No opinion
Confidence level:
Extremely confident
Comment:
I think it is dangerous to pre-commit to a number. The "Whatever it takes" attitude is far superior given the large uncertainty about how this pandemic will develop.
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Question 2: What is the best mechanism to pay for economic support provided by and to EU member states to combat the COVID-19 crisis?
Answer:
Expanded EU budget (with possible borrowing at the EU level)
Confidence level:
Very confident
Comment:
my view is that it would be better to keep this financing inside the EU perimeter, that is not replicating the ESM model when a new institution was created outside the EU
Loose monetary policy has saved the world and is major responsible for the current widespread growth. Of course, as always in life, there are risks but the BIS should ask itself what the alternative would have been
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).
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?
The Eurozone COVID-19 Crisis: EU Policy Options
Question 1: What is the total size of funding that you would advocate at the EU level in support of its members to weather the COVID-19 crisis this year?
Question 2: What is the best mechanism to pay for economic support provided by and to EU member states to combat the COVID-19 crisis?
Labour Markets and Monetary Policy
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Question 1: Do you agree that a strong labour market is a good indicator of building inflationary pressure?
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Global risks from rising debt and asset prices
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Question 2: Is the loose monetary policy of major central banks responsible for the recent increase in global leverage or asset values?
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