Robert Kollmann's picture
Affiliation: 
Université Libre de Bruxelles
Credentials: 
Professor of Economics
Research Fellow, CEPR
PhD, University of Chicago

Voting history

Bitcoin and the City

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Question 1: Do you agree that cryptocurrencies are currently a threat to the stability of the financial system, or can be expected to become a threat in the next couple of years?

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Answer:
Disagree
Confidence level:
Confident
Comment:
Despite recent growth, the market cap of cryptocurrencies remains modest, compared to the size of 'conventional' financial markets. Hence, cryptocurrencies do not seem to represent a threat to financial stability--for now.

House Prices and the UK economy

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Question 2: Do you agree that a more widespread weakening of the UK housing market will slow UK GDP growth significantly?

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Make sure to save each question separately

Answer:
Neither agree nor disagree
Confidence level:
Confident

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Question 1: Do you agree that the phenomenon of declining house prices will ripple out from the London property market leading more UK regions to experience falling prices?

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Answer:
Neither agree nor disagree
Confidence level:
Confident

Global risks from rising debt and asset prices

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Question 2: Is the loose monetary policy of major central banks responsible for the recent increase in global leverage or asset values?

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Answer:
Agree
Confidence level:
Confident
Comment:
Loose monetary policy contributed to the recent increase in leverage and asset values. However, loose monetary policy was vital for supporting real activity, in the aftermath of the global crisis. Thus, central banks had no alternative. However, a much more aggressive tightening of financial sector regulation should have been enacted after the crisis, to improve financial stability. This would have helped to check the post-crisis rise in asset prices and leverage. Governments are to blame for this (lack of political will), not central banks.

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Question 1: Does the world economy face heightened risks arising from an excess of public and private debt and/or inflated asset prices?

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Answer:
Strongly agree
Confidence level:
Very confident

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