About
- Walker Professor of Economics and International Finance
- Co-Director, National Bureau of Economic Research Program in International Finance and Macroeconomics
- Co-editor, American Economic Review, (2014—2017)
Voting History
Question A: The FTC is opposed to Kroger’s proposed acquisition of Albertsons. Critics argue that with sufficient divestitures, the deal would be consistent with past FTC policies.
Kroger’s proposed acquisition of Albertsons would lead to substantially higher grocery prices and/or lower product quality/services for customers of the two companies in locations where both are present.
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Question B: Kroger’s proposed acquisition of Albertsons would have a substantially negative effect on workers at the two companies in locations where both are present.
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Question A: Allowing Medicare to negotiate prices with pharmaceutical companies will lead to a substantial reduction in the costs of prescription drugs for US retirees.
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Question B: Allowing imports of medicines from Canada will lead to a substantial reduction in the costs of prescription drugs for US consumers without compromising safety.
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Question A: A tolling program for New York City is out for public consultation with proposed charges on vehicles entering the central business district of Manhattan summarized here: https://new.mta.info/document/129191
The proposed tolls on vehicles entering the central business district of Manhattan are likely to lead to a substantial reduction in traffic congestion in the targeted area.
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Comment: I believe the impact will be modest, rather than substantial. Other than for commuters, the elasticity will be fairly low.
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Question B: The proposed tolls on vehicles entering Manhattan are likely to lead to a substantial increase in traffic congestion just outside the central business district, above 60th Street, in the outer boroughs and New Jersey.
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Question A: The economic and financial sanctions against Russia are substantially limiting its ability to wage war on Ukraine.
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Question B: In the absence of continuing flows of Western economic aid, Ukraine's wartime economy will be substantially compromised.
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