Clark Center Forum

About the Clark Center Forum

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.
US

Poverty and Measurement

Question A:

The association between health and economic growth in poor countries primarily involves faster growth generating better health, rather than the other way around.

Question B:

The decline in the fraction of people with incomes under, say, $1 per day is a good measure of whether well-being is improving among low-income populations.

 
US

Health Insurance Subsidies

Question A:

Expanding health insurance to more people through the ACA’s public subsidies and Medicaid expansion will reduce total healthcare spending in the economy.

Question B:

Expanding health insurance to more people through the ACA’s public subsidies and Medicaid expansion will generate gains in the health and well-being of the newly insured that exceed the costs.

 
US

$15 Minimum Wage

This week’s IGM Economic Experts Panel statements:

A) If the federal minimum wage is raised gradually to $15-per-hour by 2020, the employment rate for low-wage US workers will be substantially lower than it would be under the status quo.

B) Increasing the federal minimum wage gradually to $15-per-hour by 2020 would substantially increase aggregate output in the US economy. 
US

Nash Equilibrium

This week’s IGM Economic Experts Panel statement:

Behavior in many complex and seemingly intractable strategic settings can be understood more clearly by working out what each party in the game will choose to do if they realize that the other parties will be solving the same problem.  This insight has helped us understand behavior as diverse as military conflicts, price setting by competing firms and penalty kicking in soccer.