This European survey examines (a) A period of high inflation is substantially more electorally damaging to incumbent governments in advanced countries than a period of high unemployment; (b) Voters are more likely to punish incumbents for what they perceive as poor national economic performance than they are to reward incumbents for a good economy
Keyword: political economy
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This European survey examines (a) The institutions of society - such as constitutions, laws, judiciaries, and property rights - substantially shape economic decisions, policies, and outcomes; (b) On average and over the long term, democracies deliver substantially better economic growth than other forms of government; (c) Countries where democracy and the rule of law are weakened are likely to experience measurable damage to their economic performance
This US survey examines (a) The institutions of society - such as constitutions, laws, judiciaries, and property rights - substantially shape economic decisions, policies, and outcomes; (b) On average and over the long term, democracies deliver substantially better economic growth than other forms of government; (c) Countries where democracy and the rule of law are weakened are likely to experience measurable damage to their economic performance
This US survey examines: (a) Giving the President more direct influence over monetary policy would lead to substantially worse monetary policy decisions; (b) Imposing tariffs results in a substantial portion of the tariffs being borne by consumers of the country that enacts the tariffs, through price increases; (c) There is little empirical evidence that price gouging is causing high grocery prices; (d) Widespread use of price controls creates substantial economic distortions
With the US federal government having reached the current debt ceiling set by Congress and amid political tensions about raising the limit, we invited our panels of experts in economics and finance to express their views on the potential effects of default, as well as the ceiling’s impact on the long-run size of the debt. Over the weekend before the recent meeting between President Biden and Speaker of the House Kevin McCarthy, we asked the US economics panel whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence:
Alberto Alesina, a founding member of the IGM economic experts panel, passed away in May 2020 – a sad loss for the whole research community. As the remembrances posted by the IGM directors on our website illustrate, Alberto was a fantastic economist, a wonderful person and a friend to many of the panelists.
Alberto Alesina, a founding member of the IGM economic experts panel, passed away in May 2020 – a sad loss for the whole research community. As the remembrances posted by the IGM directors on our website illustrate, Alberto was a fantastic economist, a wonderful person and a friend to many of the panelists.
This week’s IGM Economic Experts Panel statements:
A) Rising inequality is straining the health of liberal democracy.
B) Enacting more redistributive expenditures and policies would be likely to limit the rise of populism.
C) Governments should allocate more resources to policies that would be likely to limit the rise of populism, even if it means higher public debt or lower public spending in other areas.
This week’s IGM European Economic Experts Panel statements:
A) Rising inequality is straining the health of liberal democracy.
B) Enacting more redistributive expenditures and policies would be likely to limit the rise of populism in Europe.
C) European governments should allocate more resources to policies that would be likely to limit the rise of populism in Europe, even if it means higher public debt or lower public spending in other areas.
Christine Lagarde, currently head of the International Monetary Fund, has been nominated to succeed Mario Draghi as president of the European Central Bank (ECB). The announcement came as part of a package of appointments to other key roles in European institutions: the president of the European Commission; the president of the European Council; and the European Union’s high representative for foreign and security policy.
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