Simon Wren-Lewis's picture
Affiliation: 
University of Oxford
Credentials: 
Professor of economics

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:
No
Confidence level:
Very confident

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:
Not confident

Assisting Households Facing Rising Energy Costs

Question 3: Should a windfall tax be used to (fully or partially) finance support to households?

Answer:
Yes
Confidence level:
Extremely confident
Comment:
I can see no economic reason to allow energy producers to keep the gains from unusually high energy prices when their costs have not changed, and when you do not want to give them further incentives to extract more carbon because of man-made climate change.

Question 2: Which of the following is the best way to address the impact of rising energy costs on household finances?

Answer:
Conditional/targeted transfers
Confidence level:
Very confident
Comment:
Transfers should be based on both income levels and (previous) energy use. This preserves strong incentives to reduce energy use, and gets money to those who most need it.

Question 1: Overall, which of the following best characterises how the government’s proposed energy policies will leave the average UK household over the medium term:

Answer:
Better off
Confidence level:
Confident
Comment:
I expect these policies will be temporary, and funded by raising debt to a new higher level, with no policies in the medium term to reduce that higher debt to GDP level. Current households will be better off, and either future generations will be slightly worse off (if r>g) or higher debt/GDP will gradually decline (r<g).

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