US Economic Experts Panel

The Clark Center for Global Markets explores economists’ views on vital policy issues via our US and European Economic Experts Panels. We regularly poll over 80 economists on a range of timely and relevant topics. Panelists not only have the opportunity to respond to a poll’s statements, but an opportunity to comment and provide additional resources, if they wish. The Clark Center then shares the results with the public in a straightforward and concise format.

Please note that from September 2022, the language in our polls will use just two modifiers to refer to the size of an effect:

  • ‘Substantial’: when an effect is large enough that it would make a difference that matters for the behavior involved.
  • ‘Measurable’: when the direction of the effect is clear, but perhaps experts would differ as to whether it is substantial.
US

Mandatory Medicare II

Question A:

Replacing the current US health insurance system (including employer-based health insurance, ACA exchange policies, and Medicaid) with universal ‘Medicare for All’ (mandatory enrollment in a modified version of the existing traditional Medicare program with drug coverage and no cost-sharing of any form, and current Medicare reimbursement rates) funded by federal taxes would lead to lower aggregate medical debt among patients.

Question B:

Replacing the current US health insurance system as outlined in a) would lead to lower aggregate innovation in the pharmaceutical industry.

Question C:

Replacing the current US health insurance system as outlined in a) would improve health outcomes for the majority of the population.

 
US

Mandatory Medicare I

Question A:

Replacing the current US health insurance system (including employer-based health insurance, ACA exchange policies, and Medicaid) with universal ‘Medicare for All’ (mandatory enrollment in a modified version of the existing traditional Medicare program with drug coverage and no cost-sharing of any form, and current Medicare reimbursement rates) funded by federal taxes would lead to improved access to healthcare for a meaningful subset of the population.

Question B:

Replacing the current US health insurance system as outlined in a) would lead to longer waiting times for healthcare for a meaningful subset of the population.

 
US

Brexit, the UK Economy and US-UK Trade

This week’s IGM Economic Experts Panel statements:

A) Following the UK election result, the certainty that the country is going to leave the European Union will provide a substantial short-term boost to the UK economy.

B) The near certainty that the UK will leave the European Union's customs union and single market in 2020 offers a sizeable export market opportunity for American business. 
US

Central Banking and Climate Change

This week’s IGM Economic Experts Panel statements:

A) Under current policies on climate change, the associated physical risks (such as those arising from total seasonal rainfall and sea level changes, and increased frequency, severity, and correlation of extreme weather events) will be at most a very small factor in monetary policy decisions over the next decade.

B) The physical risks associated with climate change under current policies are likely to threaten financial stability over the next decade. 
US

Experimental Research, Development Economics and Poverty Reduction

This week’s IGM Economic Experts Panel statements:

A) Randomized control trials are a valuable tool for answering some long unsettled questions in development economics research.

B) Randomized control trials are a valuable tool for making significant progress in poverty reduction. 
US

Inequality, Populism, and Redistribution

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. 
US

Stakeholder Capitalism

This week’s IGM Economic Experts Panel statements:

A) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.

B) Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers and community members – with negligible impacts on shareholder value.

C) Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce.