Clark Center Forum

 

Over the coming few weeks, alongside the regular coverage of the Clark Center’s polls and other news, On Global Markets will be reporting on the discussions held at the Economic Experts Conference 9/10 October. Most of those sessions were held under the Chatham House Rule, but the fireside chat on the BLS was not. While […] 

This European survey examines: Germany’s chancellor Friedrich Merz has recently called for the Russian central bank’s assets that are frozen in Europe to be made available for the defense of Ukraine: https://www.ft.com/content/3aacc930-9f5e-4558-90f1-62bf47a31cd5 (a) Making use of frozen Russian state assets to support Ukraine’s defense would substantially accelerate the ending of the war; (b) Making use of frozen Russian state assets to support Ukraine’s defense would substantially reduce investment in assets issued by European economies; (c) Making use of frozen Russian state assets to support Ukraine’s defense would substantially increase the likelihood of another country seizing Western sovereign assets in a future conflict 

If the United States government were an asset manager, one could imagine it adopting quite a smug and self-satisfied tone when it penned its latest monthly update for investors. As CNBC reported yesterday, the government’s chunky 10% stake in Intel, acquired in late August, is comfortably in the black. Shares of U.S. chipmaker Intel climbed […] 

This Finance survey examines (a) U.S. government ownership of equity stakes in U.S. companies is measurably detrimental to corporate performance; (b) U.S. government ownership of equity stakes in U.S. companies is substantially detrimental to good corporate governance 

This US survey examines (a) For reducing global greenhouse gas emissions, subsidies for R&D on low-carbon technologies are justified in addition to carbon pricing mechanisms like carbon taxes and cap-and-trade systems; (b) Higher subsidies for R&D on low-carbon energy sources are justified by the fact that their successful deployment would not only reduce emissions but also induce developing countries to substitute away from fossil fuels 

This installment of the FTxBooth US Macroeconomists Survey discusses economists’ thoughts regarding selection of the next Chairman of the Board of Governors of the Federal Reserve. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey>> For social media: Please use the hashtag […] 

Geopolitical competition is increasingly shaping the global economy. And nowhere is this competition more intense than in the case of computer chips. As the Center for Responsible Statecraft noted in 2024, one can – arguably – date the present ‘chip war’ back to 2022. In October of 2022, President Biden launched America’s “chip war,” imposing […] 

This European survey examines (a) If the European Central Bank changed its inflation target from 2% to 3%, the long-run costs of inflation for households would be essentially unchanged; (b) There is a substantial benefit to having higher average inflation and by implication a higher nominal interest rate so as to avoid hitting the zero lower bound; (c) The fact that the Eurozone encompasses 20 countries – and thus the European Central Bank has 20 masters rather than one like the US Federal Reserve – eliminates the risk of fiscal dominance 

This US survey examines (a) US export controls on advanced semiconductor technology and equipment will contribute substantially to maintaining US technological dominance in the industry over the next ten years; (b) US export controls on advanced semiconductor technology and equipment will substantially raise China's presence in the industry over the next ten years; (c) In ten years, historians will judge that the US’s current use of sanctions, export restrictions and tariffs in critical sectors substantially improved the median American citizen’s welfare