Question 2: What is the most important contribution economic policymakers can make growth in the UK over the next decade?
Answer:
Raising public investment (in physical and human capital)
Confidence level:
Confident
Comment:
Aggregate demand pressure is indeed important, but investment (including education) is key, and private investment should follow well-directed public investment - if we can manage that.
Question 1: How do you see prospects for future (per capita) GDP growth in the UK in the next decade?
Answer:
Low growth because of UK-specific structural challenges
Confidence level:
Very confident
Comment:
Start with persistently low investment. Continue with Brexit and fall in trade. Add underperforming education system and impediments to research (e.g. destruction of research collaboration through EU Horizon programme and government indifference to science). Mix with continuing overemphasis on financial sector. Blend with all the global factors left out of this answer.
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).
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?
Euro weakness in 2022
Question 2: Should the ECB respond to movements in the euro-dollar exchange rate of the nature observed in 2022?
Question 1: What was the main cause for the euro’s decline relative to the US dollar in 2022?
Prospects for UK Economic Growth
Question 2: What is the most important contribution economic policymakers can make growth in the UK over the next decade?
Question 1: How do you see prospects for future (per capita) GDP growth in the UK in the next decade?
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