Francesco Lippi's picture
Affiliation: 
LUISS
Credentials: 
Professor of Economics

Voting history

Euro weakness in 2022

Question 2: Should the ECB respond to movements in the euro-dollar exchange rate of the nature observed in 2022?

Answer:
No
Confidence level:
Confident

Question 1: What was the main cause for the euro’s decline relative to the US dollar in 2022?

Answer:
Real factors
Confidence level:
Confident

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:
Hard to find a sound reason why the long run growth rate should change.

Question 1: How much lower will the potential level of GDP in the Eurozone in 2025 be due to Covid-19 relative to pre-Covid forecasts?

 

Answer:
Potential GDP will be higher in 2025 forecast pre-Covid
Confidence level:
Not confident
Comment:
The long run effects could be positive. The shock pushed many firms to adopt new technologies that may be cost effective in the medium run and increase potential output and welfare (less time commuting, more efficient meetings, etc). Such beneficial effects have to be weighted vs the medium run consequences of the scars that will be left by the shock (higher public and private debts, more unemployment). My main point is that there are forces pushing both ways, even though in the long run I do not see why the negative ones should we. It seems feasible to go back to doing whatever was done before the shock. Of course there is a lot of uncertainty on how things will work out as it depends on key policy choices.

Bitcoin and the City

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Question 2: Do you agree that the regulatory oversight of cryptocurrencies needs to be increased?

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Answer:
Disagree
Confidence level:
Confident
Comment:
None of the arguments reviews above proves more regulation is desirable, nor that it would be effective.

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