Kate Barker's picture
Affiliation: 
British Coal Staff Superannuation Scheme and University Superannuation Scheme
Credentials: 
former member of the Bank of England Monetary Policy Committee

Voting history

Asset Prices and Monetary Policy

Proposition 1: The Bank of England’s mandate should be officially modified to take housing or other asset prices into account in its monetary policy decisions.

Answer:
Strongly disagree
Confidence level:
Very confident
Comment:
Housing and asset prices affect demand (and sometimes supply) and so clearly should be given appropriate weight - there is no reason to make any special reference to them.

The ECB’s Green Agenda

Question 2: Would you support changing the ECB’s mandate to incorporate the EU’s target of carbon neutrality by 2050, if such a change is deemed legally necessary to adopt your preferred approach?

Answer:
Yes
Confidence level:
Confident

 Question 1: Which of the following actions is the most advisable approach for European Central Bank to address the environmental impact of its bond-purchasing policies?

Answer:
Banning bond purchases from industries with no clear plan to get to zero emissions by 2050
Confidence level:
Confident

Should We Worry About Post-Covid Inflation?

Question 2: Which of the following will be the greatest inflationary (or deflationary) force facing the UK economy?

Answer:
Past monetary policy decisions and other monetary factors
Confidence level:
Not confident at all
Comment:
Selected monetary factors but think it will be a mix of pressures.

 Question 1: Which of the following scenarios is most likely to hold on average for most of the upcoming decade?

Answer:
The BoE will be unable to avoid inflation exceeding its target
Confidence level:
Not confident
Comment:
The UK in particular may struggle with inflation early in the decade - Brexit and Covid costs into a labour market with a lot of mismatch as different sectors and places flourish and fade. Possibly also downward pressure on sterling with concerns over breakup of the Union. Inflation expectations may shift upward.

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