This week's IGM Economic Experts Panel statements:
A) A bitcoin has a fundamental value of at least $1,000.
B) The best forecast for the value of one bitcoin in 2 years is its current price.
Keyword: forecasting
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This week’s IGM Economic Experts Panel statements:
A) Forecasting the effects of complex legislative actions is hard, so even competent, non-ideological and non-partisan projections could differ substantially from outcomes.
B) Adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals.
This week’s IGM Economic Experts Panel statement:
The Fed should wait until its preferred measure of inflation (Core PCE) is clearly rising — and not just forecast to rise — before it begins hiking interest rates.
This week’s IGM Economic Experts Panel statements:
A) Changing federal income tax rates, or the income bases to which those rates apply, can affect federal tax revenues partly by altering people’s behavior, and thus their actual or reported incomes.
B) To the extent that a given tax change might affect revenues partly by affecting national-income growth, existing research provides enough guidance to generate informative bounds on the size of any growth-driven revenue effect.
C) For large proposed changes in tax rates or the tax base, official revenue forecasts provided to Congress would probably be more accurate if the CBO and JCT tried to estimate fully how the proposed tax changes would affect growth-driven revenue.
This week’s IGM Economic Experts Panel statements:
A) A cut in federal income tax rates in the US right now would lead to higher GDP within five years than without the tax cut.
B) A cut in federal income tax rates in the US right now would raise taxable income enough so that the annual total tax revenue would be higher within five years than without the tax cut.
This week’s IGM Economic Experts Panel poll statement:
Unless they have inside information, very few investors, if any, can consistently make accurate predictions about whether the price of an individual stock will rise or fall on a given day.
Plausible expectations of future dividends, discounted using a plausible risk-adjusted interest rate, explain well the level of stock prices for recently listed internet businesses in 1999.
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