Question 3: Which would be the maximal public debt you would be willing to tolerate if used effectively (as in your answers to 1 and 2 above) to support an economic recovery?
Answer:
>140% of GDP
Confidence level:
Not confident
Comment:
whatever it takes
Question 1: Which of the following would have the greatest impact in mitigating the economic effects of the coronavirus economic crisis?
Answer:
Government credit support for businesses
Confidence level:
Not confident
Comment:
To avoid long-term negative consequences, t is essential that we keep the economy's business network intact. To ensure this the first step is to offer credit support to survive a period of revenue reductions. However, when the revenues will be low for a sustained period, then more direct support/transfers will be necessary since the built up debt will not be sustainable.
Question 4: Which of the following policies would be your second choice of policy to boost private sector productivity, in addition to or absent your first choice?
Answer:
Investments in human capital including education and job retraining.
Confidence level:
Confident
In the last two questions you are asked which government policies are best suited to help the UK emerge from its productivity growth slowdown. Question 3 asks for your most preferred policy option, while question 4 asks for your second choice. You may use the comment section to outline specific policy recommendations.
Question 3: Which of the following policies would best help improve private sector productivity?
Answer:
Regulatory and competition policies, possibly including financial regulation
Confidence level:
Confident
Question 2: Which of the following was the second most important cause for the slowdown in UK productivity growth?
Answer:
Labour market factors
Confidence level:
Confident
Comment:
The UK economy did well in terms of the decline in the unemployment rate following the massive downturn. But the downside of this is that workers will not always find the best match and reach their potential
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).
Covid-19: Economic Policy Response
Question 3: Which would be the maximal public debt you would be willing to tolerate if used effectively (as in your answers to 1 and 2 above) to support an economic recovery?
Question 1: Which of the following would have the greatest impact in mitigating the economic effects of the coronavirus economic crisis?
The UK Productivity Puzzle
Question 4: Which of the following policies would be your second choice of policy to boost private sector productivity, in addition to or absent your first choice?
In the last two questions you are asked which government policies are best suited to help the UK emerge from its productivity growth slowdown. Question 3 asks for your most preferred policy option, while question 4 asks for your second choice. You may use the comment section to outline specific policy recommendations.
Question 3: Which of the following policies would best help improve private sector productivity?
Question 2: Which of the following was the second most important cause for the slowdown in UK productivity growth?
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