With some measures of concentration by market capitalization within broad US stock market indices at an all-time high, investors seeking a well-diversified passive equity portfolio should consider alternatives to market-cap-weighted indices.
The Forum for the Kent A. Clark Center for Global Markets is home to the European, Finance, and US Economic Experts Panels as well as a repository of thoughtful, current, and reliable information regarding topics of the day.
Stock Market Concentration
Congestion Pricing in New York
Question A:
Question B:
A tolling program for New York City is out for public consultation with proposed charges on vehicles entering the central business district of Manhattan summarized here: https://new.mta.info/document/129191
The proposed tolls on vehicles entering the central business district of Manhattan are likely to lead to a substantial reduction in traffic congestion in the targeted area.
Responses
The proposed tolls on vehicles entering Manhattan are likely to lead to a substantial increase in traffic congestion just outside the central business district, above 60th Street, in the outer boroughs and New Jersey.
Responses
Watching the Fed. Watching the Fed Watchers
For both the real economy and for financial markets there are few variables as important as the Fed Funds rate. The pricing of stocks and bonds, the direction of the housing market and corporate hiring and investment plans are all ultimately affected, to a greater or lesser degree, by the decisions the Federal Open Market […]
The Great Inflation Debate
For more than two years inflation has dominated the macroeconomic policy discussion on both sides of the Atlantic. Few would have expected this as late as 2019. At that point, a decade after the financial and banking crisis of 2007-2009, most discussion of inflation in policy and academic circles – and especially in the Eurozone […]
The Economics of the war in Ukraine
Almost two years on from Russia’s invasion of Ukraine, launched on the 24th February 2022, the fighting continues. The extent and future of Western support for Ukraine, together with questions around the effectiveness of the sanctions regime on Russia, continue to be live political issues in the United States and in parts of Europe. This […]
Economic Sanctions and Aid
This European survey examines (a) The economic and financial sanctions against Russia are substantially limiting its ability to wage war on Ukraine; (b) In the absence of continuing flows of Western economic aid, Ukraine's wartime economy will be substantially compromised
Economic Sanctions and Aid
This US survey examines (a) The economic and financial sanctions against Russia are substantially limiting its ability to wage war on Ukraine; (b) In the absence of continuing flows of Western economic aid, Ukraine's wartime economy will be substantially compromised
On Economics and Dentistry
In 1930 John Maynard Keynes wrote of his hopes for the future of his profession. To the modern reader, they seem rather modest. “If economists could manage to get themselves thought of as humble, competent people on a level with dentists”, he noted, “that would be splendid”. The humility of the ambition is rather refreshing […]
Germany’s Debt Brake
This European survey examines (a) A constitutional rule that limits the size of budget deficits that governments can run as a share of GDP is an effective way to impose discipline on a country’s public finances; (b) Germany’s debt brake is a substantial constraint on vital public investment in physical/digital infrastructure and the green transition
