Clark Center Forum

About the Clark Center Forum

The Forum for the Kent A. Clark Center for Global Markets is home to the European, Finance, and US Economic Experts Panels as well as a repository of thoughtful, current, and reliable information regarding topics of the day.
Europe

Europe’s Single Market

Question A:

Greater integration of national markets for financial services, energy and telecommunications would give a measurable boost to Europe’s GDP over the next ten years.

Question B:

The potential benefits for GDP from loosening European merger rules to allow greater consolidation within the single market would outweigh the potential harm to consumers from weaker competition.

 
Finance

Retail Investor Participation in Private Equity

Retail investors account for a large share of global wealth, but a small share in private equity holdings. (see link: https://bain.com/insights/why-private-equity-is-targeting-individual-investors-global-private-equity-report-2023/)

A reduction in the barriers to all retail investors investing in private equity funds - notably regulatory restrictions on investor wealth/income and on liquidity - would substantially improve household welfare.

 
US

Tariffs

This US survey examines (a) Tripling existing import taxes on Chinese steel and aluminum products would lead to measurably higher employment in the US steel industry over the next five years; (b) Tripling the tariffs would lead to measurably higher steel and aluminum prices for American producers and measurably higher finished-good prices for American consumers; (c) The gains for the American economy from tripling the tariffs would measurably outweigh the losses. 
Articles

Evidence Based Policymaking, or Policy Making the Evidence

Evidence based policymaking is something which, in public at least, most public servants now aspire to. Think tanks on both sides of the Atlantic have taken to using the term over the last two decades to describe policymaking which is rooted in evidence, data, and research rather than driven by ideological reasoning. As one might […] 
Europe

Capital Markets Union

This European survey examines (a) Creation of a more unified capital market in Europe - with a common pool of capital, a single rule book and a strengthened European Securities and Markets Authority, comparable to the US Securities and Exchange Commission – would lead to a substantial shift in the balance of companies listing their shares in the EU vis-a-vis the US; (b) Creation of a more unified capital market in Europe - with a common pool of capital, a single rule book and a strengthened European Securities and Markets Authority, comparable to the US Securities and Exchange Commission – would substantially increase the availability of funding for start-ups and growing companies across the EU 
Articles

Testing Times

It is, as the saying goes, difficult to make predictions; especially about the future. That may have always been the case but the issue was especially acute in the spring and summer of 2020. The covid pandemic and the associated lock-down and stay-at-home orders designed to constrain the growth of the virus forced widespread changes […]