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:
Joint borrowing by member states (e.g. Coronabonds)
Confidence level:
Not confident
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: Which of the following would have the second greatest impact in mitigating the economic effects of the coronavirus economic crisis in the UK?
Answer:
Making unemployment benefits more generous, streamlined, or comprehensive
Question 2: Which of the following was the second most important cause for the slowdown in UK productivity growth?
Answer:
Labour market factors
Confidence level:
Confident
Comment:
UK has had very poor wage growth as result of low productivity growth. If wage growth was stronger (as in other countries), measured labor productivity growth would be higher (but this would not be desirable).
Question 1: Which of the following was the most important cause for the slowdown in UK productivity growth?
Answer:
Low demand (including due to the financial crisis, austerity policies, or Brexit)
Confidence level:
Confident
Comment:
Confident that this is one factor, but there are many: global slowdown http://cep.lse.ac.uk/pubs/download/dp1496.pdf; financial frictions http://cep.lse.ac.uk/pubs/download/dp1672.pdf. Long-term failure to invest in human capital & infrastructure
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 Eurozone COVID-19 Crisis: EU Policy Options
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?
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?
Covid-19: Economic Policy Response
Question 2: Which of the following would have the second greatest impact in mitigating the economic effects of the coronavirus economic crisis in the UK?
The UK Productivity Puzzle
Question 2: Which of the following was the second most important cause for the slowdown in UK productivity growth?
Question 1: Which of the following was the most important cause for the slowdown in UK productivity growth?
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