Clark Center Forum

This installment of the FTxIGM US Macroeconomists Survey discusses possible paths forward for the Fed vis-a-vis rate increases in light of recent banking sector news. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey >> For social media: Please use the hashtag […] 

 

This Finance survey examines (a) By issuing inflation-indexed bonds, and thereby providing a long-term real safe asset for pension funds and retirement savers, governments can make a substantial contribution to social welfare; (b) Issuance of inflation-indexed bonds substantially helps government commit to a responsible fiscal and monetary policy 

This European survey examines (a) The amendments to the Northern Ireland protocol agreed by the UK and the EU are unlikely to have a measurable direct impact on UK growth over the next two years; (b) If renewed UK-EU scientific cooperation were achieved in the wake of the Windsor framework, it would be likely to have a measurable positive impact on UK growth over the next five years 

This US survey examines (a) Imposing stronger legal liability on online platforms for content posted by users would substantially reduce the amount of user-generated content available on those platforms; (b) Imposing stronger legal liability on online platforms for content posted by users would substantially damage those platforms’ advertising businesses; (c) Imposing stronger legal liability on online platforms for content posted by users would substantially reduce the amount of misinformation and disinformation present on those platforms 

This Finance survey examines (a) Large-scale stock buybacks by public corporations provide short-term rewards for shareholders and senior executives at the expense of potentially higher-return corporate investments; (b) The proposed higher tax on corporate stock buybacks (an increase from 1% to 4%) would generate substantial public revenues; (c) The proposed higher tax on corporate stock buybacks would generate a substantial increase in corporate investment 

This European survey examines (a) Adam Smith’s metaphor of the invisible hand has been foundational to the development of modern economic theory; (b) Adam Smith’s metaphor of the invisible hand has been commonly misinterpreted as advocacy for pure laissez-faire capitalism 

This US survey examines (a) Adam Smith’s metaphor of the invisible hand has been foundational to the development of modern economic theory; (b) Adam Smith’s metaphor of the invisible hand has been commonly misinterpreted as advocacy for pure laissez-faire capitalism 

With the US federal government having reached the current debt ceiling set by Congress and amid political tensions about raising the limit, we invited our panels of experts in economics and finance to express their views on the potential effects of default, as well as the ceiling’s impact on the long-run size of the debt. Over the weekend before the recent meeting between President Biden and Speaker of the House Kevin McCarthy, we asked the US economics panel whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence:

 

With the US federal government having reached the current debt ceiling set by Congress and amid political tensions about raising the limit, we invited our panels of experts in economics and finance to express their views on the potential effects of default, as well as the ceiling’s impact on the long-run size of the debt. Over the weekend before the recent meeting between President Biden and Speaker of the House Kevin McCarthy, we asked the US economics panel whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence: