John VanReenen's picture
Affiliation: 
London School of Economics
Credentials: 
Professor of economics
Director of Centre for Economic Performance

Voting history

The Future of Central Bank Independence

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Question 2: Do you agree that the traditional argument that less central bank independence leads to higher inflation will (still) be relevant over the next 48 months in Western economies?

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Answer:
Agree
Confidence level:
Not confident

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Question 1: Do you agree that central bank independence in the Eurozone and the UK will decline over the next 48 months?

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Answer:
Disagree
Confidence level:
Not confident
Comment:
I think that they will both come under considerable political pressure. However, I believe the independence of these institutions is extremely important and needs to be protected. The rise of the populist right (and to a lesser extent left) is trying to undermine trust in such independent, expert institutions. This needs to be resisted. We need more such institutions, not less - see LSE Growth Commission http://www.lse.ac.uk/researchAndExpertise/units/growthCommission/documents/pdf/lseGCrep-exec.pdf

German current account surpluses

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Question 2: Do you agree that the German government should increase public spending given its persistently large current account surplus and given that it is part of the Eurozone?

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Answer:
Strongly agree
Confidence level:
Confident

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Question 1: Do you agree that German current account surpluses are a threat to the Eurozone economy?

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Answer:
Agree
Confidence level:
Not confident

Are academic economists ‘in touch’ with voters and politicians?

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Question 7: Voters did not know that there was near-unanimity among economists.

Do you agree that this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

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Answer:
Agree
Confidence level:
Not confident

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