European Economic Experts Panel

The Clark Center for Global Markets explores economists’ views on vital policy issues via our US and European Economic Experts Panels. We regularly poll over 80 economists on a range of timely and relevant topics. Panelists not only have the opportunity to respond to a poll’s statements, but an opportunity to comment and provide additional resources, if they wish. The Clark Center then shares the results with the public in a straightforward and concise format.

Please note that from September 2022, the language in our polls will use just two modifiers to refer to the size of an effect:

  • ‘Substantial’: when an effect is large enough that it would make a difference that matters for the behavior involved.
  • ‘Measurable’: when the direction of the effect is clear, but perhaps experts would differ as to whether it is substantial.
Europe

Trade Policy

Question A:

A baseline US tariff of 10% on all European imported goods would have substantially damaging economic consequences for many countries in Europe.

Question B:

Rather than responding to threatened tariffs with retaliatory measures, unilaterally opening EU markets to US exports would deliver better outcomes for European industry.

Question C:

Disruptions to global supply chains from new tariffs and trade wars will lead to measurably slower global growth over the next five years.

 
Europe

Europe’s Defense Sector

Question A:

The likely need for increased European public investment in defense should come with substantial reallocations of public budgets at the national and EU levels.

Question B:

Greater use of joint EU-level procurement of military equipment and defense research/innovation would promote substantially enhanced capacity in Europe's defense industry.

Question C:

Increased defense spending would deliver a measurable boost to economic growth in Europe over the next five years.

 
Europe

Institutions and Prosperity

This European survey examines (a) The institutions of society - such as constitutions, laws, judiciaries, and property rights - substantially shape economic decisions, policies, and outcomes; (b) On average and over the long term, democracies deliver substantially better economic growth than other forms of government; (c) Countries where democracy and the rule of law are weakened are likely to experience measurable damage to their economic performance 
Europe

Constraints on Innovation in Europe

This European survey examines (a) Current enforcement of competition policy in Europe is not working to promote innovation and growth; b) European Union bureaucracy and regulations are a substantial constraint on innovation in Europe; c) The conduct of the dominant US tech companies in European markets (including lobbying and acquisition of start-ups and competitors) is a substantial constraint on innovation in Europe 
Europe

Corporate Social Responsibility

This European survey examines (a)  In pursuing social and environmental initiatives, the average public company generates more benefits than costs in terms of profits, (b) In pursuing social and environmental initiatives, public companies would benefit from a measurably lower cost of capital, (c) There are substantial social benefits when managers of public companies make choices that account for the impact of their decisions on customers, employees, and community members beyond the effects on shareholders 
Europe

Regulating AI

This European survey examines (a)  US antitrust investigations of the dominant firms in artificial intelligence are warranted by the need to foster competition and innovation in the technologies; b) Seeking to slow the pace of artificial intelligence use and implementation would be a more effective means of assessing potential harms from the technologies than market deployment and ex post assessment 
Europe

Tariffs on Chinese Electric Vehicles

This European survey examines (a) The proposed US tariffs on Chinese EVs would lead to measurably higher employment in the US automotive industry over the next five years; (b) The proposed US tariffs on Chinese EVs would measurably slow the adoption of green technology by consumers; (c) Unless the EU matches the proposed US tariffs on Chinese EVs, there would be measurably lower employment in Europe's automotive industry over the next five years 
Europe

Europe’s Single Market

This European survey examines (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; (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