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This month’s FTxIGM US Macroeconomists Survey looks at a 2022 interest rate hike. It also examines a timeline for when the FOMC might begin tapering of its purchases of Treasuries and mortgage-backed securities. The summary results are below and you can read the Financial Times article here, subscription required. For social media: Please use the […] 

This week's US Economic Experts Panel statements:

A) The use of non-compete clauses in US employment contracts reduces workers' mobility and wages by more than is justified by the protection of employers' intellectual property and trade secrets.

B) Occupational licensing reduces mobility and wages for workers in many sectors where they could safely deliver services that consumers would prefer to those offered by licensed workers. 

On June 29, the Task Force on Financial Stability, organized by the Hutchins Center at Brookings and the Initiative on Global Markets at the Chicago Booth School of Business, released a report that focuses on the U.S. Treasury market, open-end mutual funds, housing finance, derivatives clearinghouses, and life insurance companies. The report also provides recommendations […] 

This week's European Economic Experts Panel statements:

A) The current combination of US fiscal and monetary policy poses a serious risk of prolonged higher inflation.

B) Current EU and national fiscal policy plans are likely to leave European output below potential a year from now. 

This week's US Economic Experts Panel statements:

A) Industry consolidation and weaker competition in the United States meaningfully constrain innovation and wage growth.

B) Americans pay too much for broadband, cable television, and telecommunications services, in part because of a lack of adequate competition. 

Peter Neary, a member of IGM’s panel of European economic experts, passed away in June 2021 – a sad loss for the whole economic research community. On VoxEU, Patrick Honohan of Trinity College Dublin, a fellow Irishman and member of the European panel, co-authored an appreciation of Peter, whom he and Cormac o’Grada describe as ‘one of the profession’s European leaders, both in terms of the depth and range of his research and his role as a wizard of organizational development’.

 

Peter Neary, a member of IGM’s panel of European economic experts, passed away in June 2021 – a sad loss for the whole economic research community. On VoxEU, Patrick Honohan of Trinity College Dublin, a fellow Irishman and member of the European panel, co-authored an appreciation of Peter, whom he and Cormac o’Grada describe as ‘one of the profession’s European leaders, both in terms of the depth and range of his research and his role as a wizard of organizational development’.