Philippe Bacchetta's picture
Affiliation: 
Université de Lausanne
Credentials: 
Professor of Economics

Voting history

Post Covid-19 Potential Output in the Eurozone

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:
Not confident
Comment:
GDP will probably not return to its 2019 level before early 2022, which means about two years of "lost growth". Full catching up in the 2022-2025 is not very likely.

Should the ECB Reformulate its Inflation Objective?

Question 3: Which of the following best reflects your opinion on the following statement? “The ECB should explicitly recognize unemployment and/or economic growth as a secondary aim, secondary to its price stability mandate.”

Answer:
Agree
Confidence level:
Confident

Question 2: Would you support increasing the ECB’s inflation target to a higher rate of inflation than the current 2% target?

Answer:
Support
Confidence level:
Confident

Question 1: Which of the following best reflects your opinion on the following statement? “The ECB should explicitly state that it will allow inflation to temporarily exceed the 2% target following extended periods of low inflation.”

Answer:
Strongly agree
Confidence level:
Extremely confident

The Eurozone COVID-19 Crisis: EU Policy Options

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?

 

 

Answer:
5% of EZ GDP: No more than current commitments
Confidence level:
Very confident

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