Sir Charles Bean's picture
Affiliation: 
London School of Economics
Credentials: 
MA Cambridge
PhD MIT

Voting history

German current account surpluses

====================================================================

Question 1: Do you agree that German current account surpluses are a threat to the Eurozone economy?

====================================================================

Answer:
Strongly agree
Confidence level:
Extremely confident
Comment:
While there are demographic reasons for Germany to be running a small surplus at the current juncture, the size of the present surplus is entirely disproportionate. This is not only complicating adjustment within the euro area, it is also contributing to the downward on the global real interest rate. That in turn adds to the pressure on central banks to keep policy rates at unusually low levels with all the adverse side effects that causes. The German surplus is not only a threat to the euro area economy but also to the global economy.

Are academic economists ‘in touch’ with voters and politicians?

====================================================================

Question 7: Voters did not know that there was near-unanimity among economists.

Do you agree that this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

====================================================================

Answer:
Strongly disagree
Confidence level:
Very confident

====================================================================

Question 6: Economists did not explain the reasons for this consensus in sufficiently clear language.

Do you agree this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

====================================================================

Answer:
Strongly Disagree
Confidence level:
Very confident

====================================================================

Question 5: Voters think that the preferences of economists do not align with their own preferences. (This includes the possibility that they thought that the predicted negative economic consequences would not affect them personally).

Do you agree this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

====================================================================

Answer:
Disagree
Confidence level:
Confident

====================================================================

Question 4: Voters did not believe the economic arguments put forward (for example, because they thought the arguments put forward by macroeconomists with dissenting views made more sense or because voters have little faith in economists in general).

Do you agree that this was an important reason for a majority of UK voters going against the near unanimous advice of the economics profession?

====================================================================

Answer:
Agree
Confidence level:
Very confident

Pages