Clark Center Forum

This installment of the FTxIGM US Macroeconomists Survey discusses the possibility of rising unemployment vis-a-vis the expectation that the Fed will be able to stem inflation. It also examines the US housing market. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey […] 

 

This US survey examines (a) Network externalities give Twitter an incumbent advantage that will slow substantially the migration of users who would prefer alternative platforms;
(b) As of now, there needs to be more government regulation around Twitter’s content moderation and personal data protection. 

This Finance survey examines (a) The collapse of a major crypto intermediary will have little impact on the wider economy and the stability of the traditional financial system; (b) The collapse of a major crypto intermediary suggests the need for the crypto asset class to be more tightly regulated. 

This US survey examines (a) When economic policy-makers are unable to commit credibly in advance to a specific decision rule, they will often follow a poor policy trajectory; (b) Rules-based fiscal policies deliver substantially better outcomes than purely discretionary, on the spot, policy choices. 

This European survey examines (a) The carbon border adjustment mechanism will ensure that the European Union’s green objectives are not undermined by the relocation of EU production in the sectors under the mechanism to non-EU countries with less ambitious climate policies (‘carbon leakage'); (b) To the extent that the carbon border adjustment mechanism is effective in reducing emissions and carbon leakage, it will impose substantial costs on the economies of poorer countries 

This Finance survey examines (a) The amount of passively invested funds has reached levels at which it has a measurable detrimental effect on market efficiency. 

This US survey examines (a) Given the centrality of semiconductors to the manufacturing of many products, securing reliable supplies should be a key strategic objective of national policy; (b) Restrictions on exports of semiconductors and related high-tech equipment to China will substantially improve US technological leadership 

This Finance survey examines (a) Research on the nature and impact of bank runs has made it possible to limit substantially the wider economic damage from financial crises; (b) Reforms of financial regulation since 2008 (and macroprudential policies in some countries) will not substantially reduce the probability of financial crises 

This European survey examines (a) Research on the nature and impact of bank runs has made it possible to limit substantially the wider economic damage from financial crises; (b) Reforms of financial regulation since 2008 (and macroprudential policies in some countries) will not substantially reduce the probability of financial crises.