Efforts to achieve the goal of reaching net-zero emissions of greenhouse gases by 2050 will be a major drag on global economic growth.
Voluntary national targets are unlikely to be an effective mechanism for achieving sharp reductions in greenhouse gas emissions.
Agreement on a significant global price floor for all carbon emissions would be an effective step towards achieving sharp reductions in emissions.
The introduction of natural experiments to economic analysis of the labor market and related areas has led to a more precise understanding of cause and effect.
The ‘credibility revolution’ in empirical economics has improved our understanding of a number of public policy issues, including education, immigration and the minimum wage.
In pursuit of credible research designs, researchers often seek good answers instead of good questions.
The 2021 Nobel Prize in Economic Sciences was recently awarded to David Card of the University of California, Berkeley, ‘for his empirical contributions to labour economics’, and to Joshua Angrist of MIT and Guido Imbens of Stanford University ‘for their methodological contributions to the analysis of causal relationships’. As has become an annual tradition at the IGM, we invited our panels to express their views on the work of the new laureates. We asked the experts whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence:
Following the Biden administration’s announcement of its intention to require that anyone at a firm with more than 100 employees or in the federal workforce be vaccinated or tested regularly, we invited our US panel to express their views on the likely economic impact of the vaccine mandate. We asked the experts whether they agree or disagree with the following statement, and, if so, how strongly and with what degree of confidence:
