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Europe

Artificial Intelligence Act

Question A:

The European Union's AI Act was approved by the European Parliament in March 2024: https://artificialintelligenceact.eu/the-act/

The EU's legislation to regulate artificial intelligence is likely to put European technology firms at a substantial disadvantage to their competitors elsewhere in the world.

Responses

Source: European Clark Center Economic Experts Panel
Methodology
Question B:

By providing a clear set of rules, the EU's legislation on artificial intelligence is likely to enhance research and innovation by firms building the new technology.

Responses

Source: European Clark Center Economic Experts Panel
Methodology
 
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Regulation, Competition, & Market Power
US

Supermarket Merger

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.

Responses

Source: Clark Center Economic Experts Panel
Methodology
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.

Responses

Source: Clark Center Economic Experts Panel
Methodology
 
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Business, Management, & Corporate Performance
Finance

Short Selling and Asset Values

This Finance survey examines (a) Allowing short selling of financial securities, such as stocks and government bonds, leads to prices that, on average, are closer to their fundamental values; (b) When short sellers start to establish substantial short positions in a stock, the stock is likely to have been overvalued; (c) Requiring investors to disclose short positions in a stock at the equivalent threshold as they are required to do for long positions would improve the informativeness of stock prices 
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Financial Markets & Banking
FT-Booth US Macroeconomists Survey

FTxBooth: Fewer rate cuts than expected in 2024?

This installment of the FTxBooth US Macroeconomists Survey discusses how long the current rates are likely to remain in place as well as possible labor market conditions moving through 2024. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey >> For social […] 
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FT-Booth US Macroeconomists Survey
Articles

The Euro at 25

A few weeks ago, my eldest child made the all too easy mistake of casually asking me “why doesn’t Britain use the Euro?” It would, as she noted, make holidaying in Spain much more straightforward. Twenty minutes later, and after an impromptu tutorial on monetary policy and the business cycle, she presumably regretted asking. Prompted […] 
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Articles
Europe

A Quarter Century of the Euro

This European survey examines (a) Europe’s economic growth performance over the last 25 years has been measurably better than it would have been in the absence of the single currency; (b) With euro area member states having given up their ability to carry out independent monetary policy, it is substantially more difficult for them to respond effectively to country-specific macroeconomic disturbances 
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Economic Growth, Development, & Productivity
US

Prescription Drugs

This US survey examines (a) Allowing Medicare to negotiate prices with pharmaceutical companies will lead to a substantial reduction in the costs of prescription drugs for US retirees; (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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Healthcare & Wellbeing