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This US survey examines (a) Reclassifying marijuana as a Schedule III drug would lead to measurably higher social welfare 

This week three Republican senators called upon President Biden to formally block a take-over of U.S. Steel by the Japanese firm, Nippon Steel.  As senators Vance, Hawley, and Rubio noted in their letter, whilst President Biden has made clear his opposition to such a take-over in the past he has yet to formally intervene. By […] 

There are two veins that tend to run through the tone of European economic commentary when the continent’s residents – or at least those in Western half – compare themselves to the United States. Broadly put these can be classified as either hand-wringing pessimism or rather smug complacency. The pessimistic case is based on the […] 

This US survey examines (a) Tripling existing import taxes on Chinese steel and aluminum products would lead to measurably higher employment in the US steel industry over the next five years; (b) Tripling the tariffs would lead to measurably higher steel and aluminum prices for American producers and measurably higher finished-good prices for American consumers; (c) The gains for the American economy from tripling the tariffs would measurably outweigh the losses. 

Evidence based policymaking is something which, in public at least, most public servants now aspire to. Think tanks on both sides of the Atlantic have taken to using the term over the last two decades to describe policymaking which is rooted in evidence, data, and research rather than driven by ideological reasoning. As one might […] 

This European survey examines (a) Creation of a more unified capital market in Europe - with a common pool of capital, a single rule book and a strengthened European Securities and Markets Authority, comparable to the US Securities and Exchange Commission – would lead to a substantial shift in the balance of companies listing their shares in the EU vis-a-vis the US; (b) Creation of a more unified capital market in Europe - with a common pool of capital, a single rule book and a strengthened European Securities and Markets Authority, comparable to the US Securities and Exchange Commission – would substantially increase the availability of funding for start-ups and growing companies across the EU 

It is, as the saying goes, difficult to make predictions; especially about the future. That may have always been the case but the issue was especially acute in the spring and summer of 2020. The covid pandemic and the associated lock-down and stay-at-home orders designed to constrain the growth of the virus forced widespread changes […]