Do you agree that, in the wake of the financial crisis, any downward adjustment to the expected average annual long-term growth rate of the UK economy is likely to be by less than 0.25 percentage points?
Answer:
Neither agree nor disagree
Confidence level:
Confident
Comment:
There is a very long-term underlying productivity trend in the UK which I would not expect to fall by more than 0.25 pts. Meanwhile labour force participation might rise a little to offset any slowdown in labour force growth.
To help ensure that advanced country governments pursue responsible fiscal policies, countries should adopt formal rules for limiting structural deficits, which are supported by primary legislation or constitutional reform.
Answer:
Neither agree nor disagree
Confidence level:
Not confident
First question:
To help ensure that advanced country governments have sufficient flexibility to respond to future crises, it is important that finance ministries aim for a ratio of public debt to GDP that is substantially less than 60% in normal times.
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).
Euro Area Deflation and Risk for UK Economy May 2014
Question 2
Do you agree that a deflation in the Euro area (as defined in Question 1) would pose a considerable risk to the UK recovery?
Question 1
Do you agree that there is a significant risk of a sustained deflation across the Euro Area in the coming two years?
Prospects for Economic Growth in the UK April 2014
Question 2
Do you agree that, in the wake of the financial crisis, any downward adjustment to the expected average annual long-term growth rate of the UK economy is likely to be by less than 0.25 percentage points?
Responsible long-term fiscal policy (pilot survey)
Second question:
To help ensure that advanced country governments pursue responsible fiscal policies, countries should adopt formal rules for limiting structural deficits, which are supported by primary legislation or constitutional reform.
First question:
To help ensure that advanced country governments have sufficient flexibility to respond to future crises, it is important that finance ministries aim for a ratio of public debt to GDP that is substantially less than 60% in normal times.
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