US

Sustained Growth

Question A:

The combination of scientific progress, technological innovation, and openness to new ideas underpinned the emergence of sustained economic growth in the Industrial Revolution.

Question B:

The process of creative destruction – in which innovation continually leads to the disruptive displacement of existing jobs, products, firms, and industries – has been a substantial contributor to sustained economic growth.

 
Europe

Sustained Growth

Question A:

The combination of scientific progress, technological innovation, and openness to new ideas underpinned the emergence of sustained economic growth in the Industrial Revolution.

Question B:

The process of creative destruction – in which innovation continually leads to the disruptive displacement of existing jobs, products, firms, and industries – has been a substantial contributor to sustained economic growth.

 
On Global Markets

The State of the BLS. And Things to Watch Our For.

Over the coming few weeks, alongside the regular coverage of the Clark Center’s polls and other news, On Global Markets will be reporting on the discussions held at the Economic Experts Conference 9/10 October. Most of those sessions were held under the Chatham House Rule, but the fireside chat on the BLS was not. While […] 
Europe

Frozen Assets

This European survey examines: Germany’s chancellor Friedrich Merz has recently called for the Russian central bank’s assets that are frozen in Europe to be made available for the defense of Ukraine: https://www.ft.com/content/3aacc930-9f5e-4558-90f1-62bf47a31cd5 (a) Making use of frozen Russian state assets to support Ukraine’s defense would substantially accelerate the ending of the war; (b) Making use of frozen Russian state assets to support Ukraine’s defense would substantially reduce investment in assets issued by European economies; (c) Making use of frozen Russian state assets to support Ukraine’s defense would substantially increase the likelihood of another country seizing Western sovereign assets in a future conflict 
US

Low-carbon Energy R&D

This US survey examines (a) For reducing global greenhouse gas emissions, subsidies for R&D on low-carbon technologies are justified in addition to carbon pricing mechanisms like carbon taxes and cap-and-trade systems; (b) Higher subsidies for R&D on low-carbon energy sources are justified by the fact that their successful deployment would not only reduce emissions but also induce developing countries to substitute away from fossil fuels 
FT-Booth US Macroeconomists Survey

FTxBooth: The Next Fed Chair?

This installment of the FTxBooth US Macroeconomists Survey discusses economists’ thoughts regarding selection of the next Chairman of the Board of Governors of the Federal Reserve. 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 the hashtag […] 
On Global Markets

Chip War

Geopolitical competition is increasingly shaping the global economy. And nowhere is this competition more intense than in the case of computer chips. As the Center for Responsible Statecraft noted in 2024, one can – arguably – date the present ‘chip war’ back to 2022. In October of 2022, President Biden launched America’s “chip war,” imposing […]