The Fed has a larger balance sheet than was once the case. Dramatically so, as the chart below makes clear. This is a result of a series of policy decisions made over the last two decades; namely three rounds of quantitative easing (QE) carried out between 2008 and 2014; and then an additional period of […]
The Fed has a new chair and, it would seem, one with a very different approach to his predecessors. While much of the attention has, understandably, been focused on the traditional question of how hawkish or dovish Kevin Warsh will be on rates, there are deeper issues at play. In (at least) a couple of […]
To mark the tenth anniversary of the United Kingdom voting to leave the European Union, the Clark Center’s US and European Economic Experts Panels recently looked – once again – at the vexed issue of Brexit. Brexit is one of those issues which has the potential, at least in the UK, to provoke a fierce […]
This European survey examines (a) Ten years after the Brexit referendum, the UK has experienced substantially lower growth than it would have done had it remained in the European Union; (b) The UK would be substantially richer ten years from now if it immediately began negotiations and domestic preparations with the aim of fully rejoining the European Union
This US survey examines (a) Ten years after the Brexit referendum, the UK has experienced substantially lower growth than it would have done had it remained in the European Union; (b) The UK would be substantially richer ten years from now if it immediately began negotiations and domestic preparations with the aim of fully rejoining the European Union
This Finance survey examines (a) If the Federal Reserve under Kevin Warsh were to reduce its balance sheet by at least $1 trillion over the next 12 months, it would measurably improve the functioning of financial markets over his four-year appointed term as chair; (b) If the Federal Reserve under Kevin Warsh were to provide substantially less forward guidance and communication than it has done in the recent past, it would measurably improve the functioning of financial markets over his four-year appointed term as chair
Earlier this month, the European Union unveiled its rather unimaginatively named European Technological Sovereignty Package. One imagines that had this been a proposal emanating from the US Congress, it would have had a punchier and more bombastic name; the Safeguarding America Act or some such. Name aside, though, the package was certainly ambitious. As European […]
This US survey examines: The 21st Century ROAD to Housing Act, currently before Congress, includes proposed legislation on manufactured housing: https://bipartisanpolicy.org/explainer/whats-in-the-21st-century-road-to-housing-act/; (a) Legislation to remove the federal requirement that manufactured homes be built on a permanent chassis would substantially improve the supply of affordable single-family housing
This installment of the FTxBooth US Macroeconomists Survey discusses the likelihood of the Fed raising rates to address inflation as well as Kevin Warsh’s start as Fed Chair. 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 […]
