Maria Demertzis's picture
Affiliation: 
Bruegel

Voting history

Effects of an embargo on Russian gas

Question 1: By how much would an immediate EU-wide import ban on Russian gas reduce German GDP growth per annum in 2022-3, in percentage points (pp), absent other policies?

Answer:
Between 5pp and 10pp
Confidence level:
Confident

ECB Monetary Policy and Catch-up Inflation

Question 2: Which of the following policies is the most desirable to meet the ECBs objective to achieve its mandate of “price stability” as you understand this term.

Answer:
Average inflation targeting
Confidence level:
Very confident
Comment:
The trouble with average inflation targeting is that it also needs either a specified term (like average of, say, 4 years) or it needs explicit tolerance bands around. By itself, Average IT is not easily operational.

Question 1: To what extent do you agree with the following statement? “The European Central Bank should systematically allow for inflation to exceed its target to compensate for periods of below target inflation.”

Answer:
Agree
Confidence level:
Confident
Comment:
Only like that the inflation rate will be on average equal to the target. The trouble with this over what period should we consider this?

Fiscal Rules in the European Monetary Union

Question 2: Which of the following is the one reform you would choose to improve fiscal rules?

Answer:
More flexible, countercyclical, or expenditure-based rules
Confidence level:
Very confident

Proposition 1: The existing fiscal rules for European Monetary Union members require revision.

Answer:
Strongly agree
Confidence level:
Very confident
Comment:
Current rules not fit for purpose.

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