This week’s European Economic Experts Panel statements:
A) The ECB's asset purchases over the past two years have reduced the threat of deflation in the euro area as a whole.
B) If the economic outlook in the euro area becomes less favorable, then increasing the ECB's asset purchase program (in size or duration) would substantially increase the euro area's economic growth over the following five years.
ECB Asset Purchases
This week’s IGM Economic Experts Panel statements:
A) Implementing a "destination based cash flow tax (including border adjustment)" of the type advocated by Speaker Ryan would substantially reduce the US trade deficit within the next few years.
B) Implementing a "destination based cash flow tax (including border adjustment)" of the type advocated by Speaker Ryan would substantially raise prices for US consumers.
This week’s European Economic Experts Panel statement:
In general, absent any inside information, an equity investor can expect to do better by holding a well-diversified, low-fee, passive index fund than by holding a few stocks.
This week’s IGM Economic Experts Panel statements:
A) Forecasting the effects of complex legislative actions is hard, so even competent, non-ideological and non-partisan projections could differ substantially from outcomes.
B) Adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals.
This week's European Economic Experts Panel statements:
A) Without changes in policy, a rising share of people who are over age 65 will exert a substantial downward influence on per capita real GDP in western European countries.
B) In European countries where the share of those over 65 is rising, there are net social benefits to adjusting retirement ages for state-financed (including pay-as-you-go) pension systems upwards, so that revised retirement ages better reflect longer life expectancies.
This week's IGM Economic Experts Panel statements:
A) If the US significantly lowers the number of H-1B visas now, expected US tax revenues will rise materially over the next four years.
B) If the US significantly lowers the number of H-1B visas now, employment for American workers will rise materially over the next four years.
