The current combination of US fiscal and monetary policy poses a serious risk of prolonged higher inflation.
Responses
Current EU and national fiscal policy plans are likely to leave European output below potential a year from now.
The current combination of US fiscal and monetary policy poses a serious risk of prolonged higher inflation.
Current EU and national fiscal policy plans are likely to leave European output below potential a year from now.
Industry consolidation and weaker competition in the United States meaningfully constrain innovation and wage growth.
Americans pay too much for broadband, cable television, and telecommunications services, in part because of a lack of adequate competition.
Peter Neary, a member of IGM’s panel of European economic experts, passed away in June 2021 – a sad loss for the whole economic research community. On VoxEU, Patrick Honohan of Trinity College Dublin, a fellow Irishman and member of the European panel, co-authored an appreciation of Peter, whom he and Cormac o’Grada describe as ‘one of the profession’s European leaders, both in terms of the depth and range of his research and his role as a wizard of organizational development’.
Peter Neary, a member of IGM’s panel of European economic experts, passed away in June 2021 – a sad loss for the whole economic research community. On VoxEU, Patrick Honohan of Trinity College Dublin, a fellow Irishman and member of the European panel, co-authored an appreciation of Peter, whom he and Cormac o’Grada describe as ‘one of the profession’s European leaders, both in terms of the depth and range of his research and his role as a wizard of organizational development’.
Leaders of the advanced economies of the G7 recently made what they described as a ‘historic commitment’ on taxation of multinational corporations. We invited both our European and US panels to express their views on some of the issues surrounding the global deal on corporate taxes: the impact of a global minimum rate on investment, profit-shifting and low-tax jurisdictions; whether a stable international tax system that includes a global minimum rate can be achieved; and a potential move from levying taxes based on where firms’ headquarters and production are located to where they make their sales.
Leaders of the advanced economies of the G7 recently made what they described as a ‘historic commitment’ on taxation of multinational corporations. We invited both our European and US panels to express their views on some of the issues surrounding the global deal on corporate taxes: the impact of a global minimum rate on investment, profit-shifting and low-tax jurisdictions; whether a stable international tax system that includes a global minimum rate can be achieved; and a potential move from levying taxes based on where firms’ headquarters and production are located to where they make their sales.
Amid fierce public debates about the size of the Biden administration’s coronavirus protection and stimulus package, we invited our US panel to express their views on the likelihood of the economy ‘overheating’ as a result of the current stance of fiscal and monetary policy. We asked the experts whether they agreed or disagreed with the following statement, and, if so, how strongly and with what degree of confidence: