By Topic

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 

This European survey examines (a) The fundamental cause of Argentina’s high inflation is unfunded fiscal commitments that are being financed by the central bank; (b) Even if Argentina could marshal the resources to make a full switch to using US dollars for domestic transactions, it would substantially increase the volatility of Argentine GDP 

This US survey examines a) The fundamental cause of Argentina’s high inflation is unfunded fiscal commitments that are being financed by the central bank; (b) Even if Argentina could marshal the resources to make a full switch to using US dollars for domestic transactions, it would substantially increase the volatility of Argentine GDP 

This week's US Economic Experts Panel statements: The Bank for International Settlements defines a central bank digital currency as follows: ‘In simple terms, a central bank digital currency (CBDC) would be a digital banknote. It could be used by individuals to pay businesses, shops or each other (a 'retail CBDC'), or between financial institutions to settle trades in financial markets (a ‘wholesale CBDC').’ A) For developed countries, a central bank digital currency that is available to the public at large would offer social benefits that exceed the associated costs or risks. B) Central banks that do not introduce their own digital money risk losing the ability to conduct effective monetary policy. C) The introduction of a central bank digital currency is unlikely to have major effects on the economy. 

This week's European Economic Experts Panel statements: The Bank for International Settlements defines a central bank digital currency as follows: ‘In simple terms, a central bank digital currency (CBDC) would be a digital banknote. It could be used by individuals to pay businesses, shops or each other (a 'retail CBDC'), or between financial institutions to settle trades in financial markets (a ‘wholesale CBDC').’ A) For developed countries, a central bank digital currency that is available to the public at large would offer social benefits that exceed the associated costs or risks. B) Central banks that do not introduce their own digital money risk losing the ability to conduct effective monetary policy. C) The introduction of a central bank digital currency is unlikely to have major effects on the economy. 

This week’s IGM Economic Experts Panel statements: A) Under current policies on climate change, the associated physical risks (such as those arising from total seasonal rainfall and sea level changes, and increased frequency, severity, and correlation of extreme weather events) will be at most a very small factor in monetary policy decisions over the next decade. B) The physical risks associated with climate change under current policies are likely to threaten financial stability over the next decade. 

This week’s IGM European Economic Experts Panel statements: A) Under current policies on climate change, the associated physical risks (such as those arising from total seasonal rainfall and sea level changes, and increased frequency, severity, and correlation of extreme weather events) will be at most a very small factor in monetary policy decisions over the next decade. B) The physical risks associated with climate change under current policies are likely to threaten financial stability over the next decade. 

This week's IGM Economic Experts Panel statement: Britain’s Labour party recently proposed giving the Bank of England a target of 3% annual labor productivity growth. Consider the following statement: Central banks cannot significantly increase productivity growth over a ten year horizon, except perhaps by promoting macroeconomic stability. 

This week's IGM European Economic Experts Panel Statement: Britain’s Labour party recently proposed giving the Bank of England a target of 3% annual labor productivity growth. Consider the following statement: Central banks cannot significantly increase productivity growth over a ten year horizon, except perhaps by promoting macroeconomic stability.