US

Student Loan Relief

Question A:

The administration’s loan relief plan will not have a substantial impact on inflation in either direction.

Question B:

A longer-term impact of the administration’s loan relief plan is likely to be substantially higher tuition fees at some universities.

Question C:

A longer-term impact of the administration’s loan relief plan is likely to be measurably higher student debt burdens in anticipation of future forgiveness.

 
Finance

Executive Pay

Question A:

The typical chief executive officer of a publicly traded corporation in the U.S. is paid more than his or her marginal contribution to the firm's value.

Question B:

Mandating that U.S. publicly listed corporations must allow shareholders to cast a non-binding vote on executive compensation was a good idea.

 
Finance

Climate Reporting Mandate

This Finance survey examines (a) A mandate for public companies to provide climate-related disclosures (such as their greenhouse gas emissions and carbon footprint) would provide financially material information that enables investors to make better decisions; (b) A mandate for public companies to provide climate-related disclosures would provide material information that enables investors to make better decisions with regards to non-financial objectives (such as aiding portfolio choice based on ESG principles); (c) A mandate for public companies to provide climate-related disclosures would induce them to reduce their climate impact substantially. 
Finance

Stakeholder Capitalism

This Finance survey examines (a) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities. (b) Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers, and community members – with negligible impacts on shareholder value. (c) Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce. 
FT-Booth US Macroeconomists Survey

FTxIGM: Sustained increased interest rates?

This installment of the FTxIGM US Macroeconomists Survey discusses the likelihood of the Fed raising and sustaining a higher interest rate.  It also examines the possibility of a recession to occur earlier than expected. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this […] 
Europe

Oil Price Cap

In early September 2022, the finance ministers of the G7 countries confirmed their intention to implement a price cap on purchases of Russian oil and related products. Their objective is to reduce Russia’s ability to fund its invasion of Ukraine while limiting the war’s impact on global energy prices. We invited our European and US experts to express their views on this proposal, asking both panels whether they agree or disagree with the following statements, and, if so, how strongly and with what degree of confidence:

 
US

Oil Price Cap

In early September 2022, the finance ministers of the G7 countries confirmed their intention to implement a price cap on purchases of Russian oil and related products. Their objective is to reduce Russia’s ability to fund its invasion of Ukraine while limiting the war’s impact on global energy prices. We invited our European and US experts to express their views on this proposal, asking both panels whether they agree or disagree with the following statements, and, if so, how strongly and with what degree of confidence: