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.

Diversification

In general, absent any inside information, an equity investor can expect to do better by choosing a well-diversified, low-cost index fund than by picking a few stocks.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Clark Center Economic Experts Panel

November 20, 2013

Fed Policy

Question A:

Enactment of the Senate bill to subject the Federal Reserve's monetary policy and discount window decisions to an audit by the Comptroller General of the U.S. would improve the Fed's legitimacy without hurting its decision making.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Question B:

The Fed should not reduce its purchases of mortgage-backed securities and treasurys until there is clearer evidence of strong and sustained employment growth.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Clark Center Economic Experts Panel

November 6, 2013

Net Neutrality

This week’s IGM Economic Experts Panel statement:

Allowing Internet service providers to charge content companies for access to the ISPs' customers would provide net benefits to consumers.

Clark Center Economic Experts Panel

October 24, 2013

US Fiscal Risks

This week’s IGM Economic Experts Panel statements:

A: If the United States fails to make scheduled interest or principal payments on government debt securities, even as an unintended consequence of political brinksmanship, US families and businesses are likely to suffer severe economic harm.

B: With or without a default, current uncertainty over future taxing and spending policies of the US government is likely to depress private investment and hiring by enough to reduce GDP growth by at least a quarter of a percentage point over the next 12 months.

Clark Center Economic Experts Panel

October 8, 2013

Capital Outflows

This week’s IGM Economic Experts Panel statement:

Experience over the past 30 years shows that for the typical emerging market nation facing rapid capital outflows, spending foreign currency reserves to defend its currency is a better policy for its citizens than not doing so.

Clark Center Economic Experts Panel

September 26, 2013

Airline Mergers

Clark Center Economic Experts Panel

August 28, 2013

Student Credit Risk

This week’s IGM Economic Experts Panel statement:

Conventional economic reasoning suggests that it would be a good policy to enact the recent Senate bill that would let undergraduate students borrow through the government Stafford program at interest rates equivalent to the primary credit rates offered to banks through the Federal Reserve's discount window.

Clark Center Economic Experts Panel

August 8, 2013

Savings Behavior

This week’s IGM Economic Experts Panel statement:

An effective way to increase savings rates of employees whose firms have defined contribution plans is to combine automatic enrollment in those plans and periodic automatic increases in their contributions (with the ability to opt out of either).

Clark Center Economic Experts Panel

July 24, 2013

Fiscal Policy and Savings

This week’s IGM Economic Experts Panel statement:

Sustained tax and spending policies that boost consumption in ways that reduce the saving rate are likely to lower long-run living standards.

Clark Center Economic Experts Panel

July 8, 2013

Fogel on Slavery

This week’s IGM Economic Experts Panel statement:

Slavery in the United States was eradicated because of social and political events, not because it was an unprofitable institution for slaveholders.

Clark Center Economic Experts Panel

June 21, 2013