US Economic Experts Panel

 

 

This US survey examines (a) The release of strategic oil reserves announced by the International Energy Agency will deliver substantially lower US gasoline prices at the pump over the next six months than would otherwise have been the case; (b) Assuming that world oil prices over the next six months continue to be elevated and volatile, temporarily suspending the federal gasoline tax would deliver substantially lower gas prices at the pump than otherwise over that period; (c) A temporary cap on US gasoline prices would substantially lower prices at the pump over the next six months without creating scarcity 

This US survey examines: US regulation of greenhouse gases – including carbon dioxide from motor vehicles and power plants, and methane from oil and gas wells – rests on the Clean Air Act. The Environmental Protection Agency (EPA) recently announced its rescission of the greenhouse gas endangerment finding and motor vehicle greenhouse gas emission standards:
https://www.epa.gov/regulations-emissions-vehicles-and-engines/final-rule-rescission-greenhouse-gas-endangerment. The President of the National Academy of Sciences subsequently wrote to the organization's members, noting that 'the EPA justified its decision on legal, economic, and regulatory opinions, and not on the science’. (a) The weight of economic analysis and evidence supports the conclusion that some form of regulation of greenhouse gas emissions is warranted; (b) For US consumers and firms, the health and environmental benefits of greenhouse gas emission standards outweigh the costs, making the EPA rescission substantially net negative for American society; (c) Since the environmental costs of greenhouse gas emissions are globally distributed, some form of collective international regulation is warranted 

This US survey examines (a) Restrictions on large institutional investors buying single-family homes would measurably improve the affordability of home ownership; (b) Having the government-sponsored housing agencies Fannie Mae and Freddie Mac buy $200 billion in mortgage-backed securities would measurably improve the affordability of home ownership 

This US survey examines (a) Without extension of the expanded public subsidies for Affordable Care Act healthcare plans, there would be a substantial rise in the number of Americans without health insurance; (b) Losses in the health and well-being of Americans who could no longer afford health insurance in the absence of the subsidies would exceed the savings from the expiration; (c) The possible need for subsidies substantially in excess of those initially provided by the ACA indicates that other changes in the healthcare system are needed to enable broad-based access 

This US survey examines (a) The US intervention in Venezuela will have no measurable impact on the world oil price over the next 12 months; (b) The US intervention will lead to a substantial increase in the profitability of US energy companies over the next five years; (c) The US intervention will lead to a substantial increase in economic growth in Venezuela over the next five years 

This US survey examines: There are reports that the US strategy in negotiations to end the Russia-Ukraine conflict is prioritizing economic interdependence: https://www.wsj.com/world/russia/russia-u-s-peace-business-ties-4db9b290; (a) Creating expanded mutual business opportunities for American, Russian, and Ukrainian firms would lead to a substantially more stable peace agreement (b) Pursuing economic interdependence without complementary diplomacy (including credible guarantees of Ukraine’s future security) is unlikely to end the conflict and subsequently preserve peace 

This US survey examines: Adoption of artificial intelligence will lead to a substantial increase in the growth rates of real per capita income in the US and Western Europe over the next ten years 

This US survey examines (a) Freezing the rents paid by tenants of all rent-stabilized apartments in New York for four years would substantially improve the availability of affordable housing for low- and middle-income households; (b) Freezing the rents paid by tenants of all rent-stabilized apartments in New York for four years would be a substantial deterrent to private housing investment in the city; (c) Loosening land-use regulations and other regulation-related constraints on construction in New York (with no rent freeze) would be a substantial boost to private housing investment in the city over the next ten years