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

Oil Price Cap

Question A:

A price cap imposed by the G7/EU countries on purchases of Russian oil and oil-related products (and which applies to all importers of Russian oil using Western trade infrastructure, shipping, and insurance) would be an effective measure to reduce the flow of revenues to Russia.

Question B:

The oil price cap imposed by the G7/EU countries will not have a substantial effect on the world oil price (such as the Brent crude benchmark).

 
Europe

Inequality

Question A:

The increasing share of income and wealth among the richest people in a number of advanced countries is giving significantly more political power to the wealthy.

Question B:

The increasing share of income and wealth among the richest people in a number of advanced countries is having a significantly negative effect on intergenerational social mobility.

Question C:

The increasing share of income and wealth among the richest people in a number of advanced countries is a major threat to capitalism.

 
Europe

Energy Sanctions

As Russia’s invasion of Ukraine continues and many call for a strengthening of sanctions, an alternative to a full energy embargo has been discussed in the form of European Union tariffs on imports of Russian gas. We invited our European and US experts to express their views on this proposal, asking both panels whether they agree or disagree with the following statement, and, if so, how strongly and with what degree of confidence:

 
Europe

Ukraine

What are the likely economic consequences of Russia’s invasion of Ukraine and the responses by the international community? We invited our US and European experts to express their views on the potential fallout for the Russian economy, the European economy, the US dollar’s role as an international currency, and global growth and inflation. We asked both panels whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence: