Kevin Hjortshøj O'Rourke's picture
Affiliation: 
Oxford University
Credentials: 
Professor of Economics

Voting history

COVID-19 and UK Public Finances

Question 2: What is the best way to (eventually) reduce public deficits and debt?

Answer:
None of the above, other, or no opinion
Confidence level:
Confident
Comment:
Corner solutions are typically inefficient and I suppose that a mix of strategies will be optimal.

Question 1: How urgently should the UK government address the rise in public debt?

Answer:
Budgetary policy should not be used to address public deficits and debts in the foreseeable future
Confidence level:
Not confident
Comment:
None of the suggested responses really reflected my view, which is that (1) right now the budget is not an issue; (2) of course in the long run it will be an issue; (3) we don't know how long the present crisis will last or for how long fiscal policy will need to remain accommodative, so what we can say right now is very limited.

Labour Markets and Monetary Policy

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Question 2: Do you agree that, in a period of great uncertainty and after a prolonged period of weak real wage growth, monetary policy makers can afford to wait for greater certainty about real wage developments and building inflationary pressure before raising interest rates?

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Answer:
Agree
Confidence level:
Confident

House Prices and the UK economy

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Question 2: Do you agree that a more widespread weakening of the UK housing market will slow UK GDP growth significantly?

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Make sure to save each question separately

Answer:
No opinion
Confidence level:
Confident

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Question 1: Do you agree that the phenomenon of declining house prices will ripple out from the London property market leading more UK regions to experience falling prices?

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Answer:
No opinion
Confidence level:
Confident

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