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
Keyword: protectionism
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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
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
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.
This European survey examines (a) Loosening regulations on state aid to allow targeted incentives for companies in certain sectors will substantially improve the EU’s relative attractiveness for corporate investment; (b) Loosening regulations on state aid will give a substantial advantage to the economies of EU members with stronger public finances; (c) Even if looser regulations on state aid are temporary, they risk permanent damage to the EU’s longstanding competition policy regime
This week’s IGM Economic Experts Panel statements:
A) Economic damage from the virus and lockdowns will ultimately fall disproportionately hard on low- and middle-income countries.
B) A temporary standstill on sovereign debt payments by low- and middle-income countries to all official and private creditors to give those countries space to cover the immediate costs of the crisis would benefit advanced economies.
C) Export restrictions on food and medical supplies, and other protectionist measures, are likely to cost lives and slow economic recovery in all countries.
This week’s IGM European Economic Experts Panel statements:
A) Economic damage from the virus and lockdowns will ultimately fall disproportionately hard on low- and middle-income countries.
B) A temporary standstill on sovereign debt payments by low- and middle-income countries to all official and private creditors to give those countries space to cover the immediate costs of the crisis would benefit advanced economies.
C) Export restrictions on food and medical supplies, and other protectionist measures, are likely to cost lives and slow economic recovery in all countries.
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