This US survey examines (a) Reclassifying marijuana as a Schedule III drug would lead to measurably higher social welfare
Keyword: social benefits
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This European survey examines (a) A legalized and carefully regulated market for cannabis would lead to measurably higher social welfare than a system of prohibition
This US survey examines: A tolling program for New York City is out for public consultation with proposed charges on vehicles entering the central business district of Manhattan summarized here: https://new.mta.info/document/129191 (a) The proposed tolls on vehicles entering the central business district of Manhattan are likely to lead to a substantial reduction in traffic congestion in the targeted area; (b) The proposed tolls on vehicles entering Manhattan are likely to lead to a substantial increase in traffic congestion just outside the central business district, above 60th Street, in the outer boroughs and New Jersey
This Finance survey examines The Biden Administration's recommendation to lower the real discount rate used in the cost and benefit analysis of federal regulations to 2 percent (from the current levels of 3 or 7 percent) will substantially improve regulatory analysis.
This week's European Economic Experts Panel statements:
The Bank for International Settlements defines a central bank digital currency as follows: ‘In simple terms, a central bank digital currency (CBDC) would be a digital banknote. It could be used by individuals to pay businesses, shops or each other (a 'retail CBDC'), or between financial institutions to settle trades in financial markets (a ‘wholesale CBDC').’
A) For developed countries, a central bank digital currency that is available to the public at large would offer social benefits that exceed the associated costs or risks.
B) Central banks that do not introduce their own digital money risk losing the ability to conduct effective monetary policy.
C) The introduction of a central bank digital currency is unlikely to have major effects on the economy.
This week's US Economic Experts Panel statements:
The Bank for International Settlements defines a central bank digital currency as follows: ‘In simple terms, a central bank digital currency (CBDC) would be a digital banknote. It could be used by individuals to pay businesses, shops or each other (a 'retail CBDC'), or between financial institutions to settle trades in financial markets (a ‘wholesale CBDC').’
A) For developed countries, a central bank digital currency that is available to the public at large would offer social benefits that exceed the associated costs or risks.
B) Central banks that do not introduce their own digital money risk losing the ability to conduct effective monetary policy.
C) The introduction of a central bank digital currency is unlikely to have major effects on the economy.
This week's US Economic Experts Panel statement:
The practical application of auction theory to the licensing of rights to use public assets like radiospectrum and other natural resources has generated substantially higher government revenues and better allocative efficiency worldwide than would have happened under previous arrangements.
This week's European Economic Experts Panel statement:
The practical application of auction theory to the licensing of rights to use public assets like radiospectrum and other natural resources has generated substantially higher government revenues and better allocative efficiency worldwide than would have happened under previous arrangements.
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