Omar Licandro's picture
Affiliation: 
University of Nottingham
Credentials: 
Professor

Voting history

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:
Yes, (even) unilaterally
Confidence level:
Confident
Comment:
The ECB in the design of its monetary policy must consider large movements in the euro-dollar exchange rate, in particular when the FED is following a different approach to inflation

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

Answer:
Real factors
Confidence level:
Very confident
Comment:
The Ukrainian invasion in a context of high energy dependence from Russia is the main cause. Brexit is also weakening both UK and the EU.

Post Covid-19 Potential Output in the Eurozone

Question 2: How much lower will the potential growth rate of GDP in the Eurozone in 2025 be due to Covid-19 relative to pre-Covid forecasts?

 

Answer:
No different
Confidence level:
Confident

Question 1: How much lower will the potential level of GDP in the Eurozone in 2025 be due to Covid-19 relative to pre-Covid forecasts?

 

Answer:
Between 2% and 5%
Confidence level:
Very confident

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:
Very confident

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