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.
Finance

Short Selling and Asset Values

Question A:

Allowing short selling of financial securities, such as stocks and government bonds, leads to prices that, on average, are closer to their fundamental values.

Question B:

When short sellers start to establish substantial short positions in a stock, the stock is likely to have been overvalued.

Question C:

Requiring investors to disclose short positions in a stock at the equivalent threshold as they are required to do for long positions would improve the informativeness of stock prices.

 
FT-Booth US Macroeconomists Survey

FTxBooth: Fewer rate cuts than expected in 2024?

This installment of the FTxBooth US Macroeconomists Survey discusses how long the current rates are likely to remain in place as well as possible labor market conditions moving through 2024. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey >> For social […] 
On Global Markets

The Euro at 25

A few weeks ago, my eldest child made the all too easy mistake of casually asking me “why doesn’t Britain use the Euro?” It would, as she noted, make holidaying in Spain much more straightforward. Twenty minutes later, and after an impromptu tutorial on monetary policy and the business cycle, she presumably regretted asking. Prompted […] 
Europe

A Quarter Century of the Euro

This European survey examines (a) Europe’s economic growth performance over the last 25 years has been measurably better than it would have been in the absence of the single currency; (b) With euro area member states having given up their ability to carry out independent monetary policy, it is substantially more difficult for them to respond effectively to country-specific macroeconomic disturbances 
US

Prescription Drugs

This US survey examines (a) Allowing Medicare to negotiate prices with pharmaceutical companies will lead to a substantial reduction in the costs of prescription drugs for US retirees; (b) Allowing imports of medicines from Canada will lead to a substantial reduction in the costs of prescription drugs for US consumers without compromising safety 

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