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:
Expanded EU budget (with possible borrowing at the EU level)
Confidence level:
Very 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?
There are member states that undoubtedly have serious structural problems; monetary policy is nether masking nor delaying those problems. The truth is that the solution to those structural problems are totally independent of the monetary policy regime. They depend on deeper features of those countries, not last their institutional design and ability to cope with political economy problems.
many countries in the area are still under risk of deflation; the economic outlook of the area as a whole is still gloomy and economy recovery too weak to reverse policy interest rates and abandon quantitative easing
About the CFM Surveys
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?
German Council of Economic Experts' view of ECB policy
====================================================================
Question 2: Do you agree that the ECB's monetary policy masks structural problems of member states?
====================================================================
====================================================================
Question 1: Do you agree that exceptionally loose monetary policy by the European Central Bank is no longer appropriate?
====================================================================