Maria Demertzis's picture
Affiliation: 
Bruegel

Voting history

Artificial Intelligence and the Economy

Question 2: What will be the implications of recent developments in AI on unemployment in high income countries over the upcoming decade?

Answer:
Remain unchanged
Confidence level:
Confident
Comment:
There will have to be reskilling. The quicker this happens the less the impact on unemployment.

Question 1: What will be the implications of recent developments in AI on global economic growth, as they mature over the upcoming decade?

Answer:
Increase (to 4-6%)
Confidence level:
Confident
Comment:
I view the recent developments very favourably. I am not sure whether the impact will be as hight as 4-6% but I certainly think it will be positive

Prospects for Euro Area Inflation in 2023

Question 3:  Under its current policy trajectory, with rates peaking at 3.5%, which of the following is most likely?

Answer:
ECB policy rates will be appropriate in 2023.
Confidence level:
Confident

Euro weakness in 2022

Question 2: Should the ECB respond to movements in the euro-dollar exchange rate of the nature observed in 2022?

Answer:
No
Confidence level:
Extremely confident
Comment:
The value of a currency is an outcome not a target itself.

Question 1: What was the main cause for the euro’s decline relative to the US dollar in 2022?

Answer:
Monetary policy differences
Confidence level:
Very confident
Comment:
We observe that the real effective exchange rate has not been different to historical values. Also, the nominla exchange rate has recovered a lot of its value vis a vis the dollar since september. So it is not the real factors or indeed the war in Ukraine to drive the changes.

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