US

Capital Outflows

Experience over the past 30 years shows that for the typical emerging market nation facing rapid capital outflows, spending foreign currency reserves to defend its currency is a better policy for its citizens than not doing so.

 
US

Airline Mergers

If regulators had not approved mergers in the past decade between major networked airlines, travelers would be better off today.

 
Clark Center Economic Experts Panel

Website working smoothly (IGM Forum)

We would like IGM Forum visitors who had trouble accessing our site last week to know that it is now working smoothly again. A temporary Google blacklist prevented many readers from accessing the site. Google has since rechecked our site, however, and removed the warning. We apologize to those of you who had difficulty. We […] 
US

Infrastructure

This week’s IGM Economic Experts Panel statements:

A: Because the US has underspent on new projects, maintenance, or both, the federal government has an opportunity to increase average incomes by spending more on roads, railways, bridges and airports.

B: Past experience of public spending and political economy suggests that if the government spent more on roads, railways, bridges and airports, many of the projects would have low or negative returns.