Finance

Quarterly Earnings

Question A:

Letting publicly traded firms report earnings annually rather than quarterly would lead their executives to place more weight on long-term issues in their investments and other decisions.

Question B:

A switch from quarterly to annual earnings reports would, on net, benefit shareholders.

 
US

Regulating AI

Question A:

Antitrust investigations of the dominant firms in artificial intelligence are likely to lead to substantially lower prices of AI products and services for businesses and consumers.

Question B:

Antitrust investigations of the dominant firms in artificial intelligence are likely to promote greater competition and innovation in AI.

Question C:

Potential harms from artificial intelligence are better assessed by market deployment rather than seeking to slow the pace of AI research and implementation.

 
FT-Booth US Macroeconomists Survey

FTXBooth: Only one rate cut likely in 2024?

This installment of the FTxBooth US Macroeconomists Survey discusses how many interest rate cuts the Fed is likely to make during the remainder of 2024 as well as factors that may affect that decision. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this […] 
On Global Markets

Big in Japan

There are plenty of reasons why Japanese policymakers might favor a stronger yen. With Japan increasingly reliant on both imported food and imported energy, anything which increases the nation’s international purchasing power can be seen as positive. But the supposed benefits of a stronger currency run beyond that obvious implication. It helps to support household […] 
Finance

Foreign Exchange Interventions

This Finance survey examines that it seems likely that Japanese authorities intervened in the foreign exchange market recently to prop up the yen – see, for example: https://www.ft.com/content/455784ec-0465-46ee-8c73-fc5ce3e31c37. In such circumstances, intervention refers to purchases or sales of domestic or foreign currency without changing the monetary policy stance (a) Large-scale intervention by public authorities in currency markets can move exchange rates substantially (b) The effectiveness of foreign exchange interventions can last beyond one month 
Europe

Tariffs on Chinese Electric Vehicles

This European survey examines (a) The proposed US tariffs on Chinese EVs would lead to measurably higher employment in the US automotive industry over the next five years; (b) The proposed US tariffs on Chinese EVs would measurably slow the adoption of green technology by consumers; (c) Unless the EU matches the proposed US tariffs on Chinese EVs, there would be measurably lower employment in Europe's automotive industry over the next five years 
US

Tariffs on Chinese Electric Vehicles

This US survey examines (a) The proposed US tariffs on Chinese EVs would lead to measurably higher employment in the US automotive industry over the next five years; (b) The proposed US tariffs on Chinese EVs would lead to measurably higher prices of EVs in the US; (c) The proposed US tariffs on Chinese EVs would measurably slow the adoption of green technology by consumers