This week's IGM Economic Experts Panel statements:
A) There is no perfect voting system. That is, no voting system can ensure that the winner will be the person who best represents voters’ wishes, including how intensely they favor or disfavor each candidate.
B) One clear defect of a winner-take-all election with 3 or more candidates, and with each voter choosing only one candidate, is that a candidate who is strongly disliked by a majority, but strongly liked by a minority, can beat a candidate who is liked by a majority and disliked by relatively few.
Primary Voting
This week's IGM Economic Experts Panel statement:
Large movements in monthly oil prices, either up or down, are driven primarily by speculators, as opposed to changes in the current (and planned) supply or demand for oil.
This week's IGM Economic Experts Panel statements:
A) If the UK opts to withdraw from the European Union, and assuming Scotland stays in the UK, the level of the UK's real per-capita income a decade later will be lower than if it remains part of the EU.
B) If the UK exits the EU, then it substantially increases the chances that some other current region of the EU will also exit within the following decade.
This week’s IGM Economic Experts Panel statement:
China’s growth model, specifically the unusually high investment rate and low consumption rate, is unsustainable.
This week's IGM Economic Experts Panel statement:
An annual December spending surge on parties, gift-giving and personal travel delivers net social benefits.
This week's IGM Economic Experts Panel statements:
A) The Fed should raise its target interest rate when it meets in mid-December.
B) The Fed should have raised interest rates sooner, rather than leaving them near zero for this long.
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