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.

Healthcare

There are no consequential distortions created by the tax preference that favors obtaining health insurance through employers.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Clark Center Economic Experts Panel

November 21, 2011

Buy American

Federal mandates that government purchases should be “buy American” unless there are exceptional circumstances, such as in the American Recovery and Reinvestment Act of 2009, have a significant positive impact on U.S. manufacturing employment.

Responses

Source: Clark Center Economic Experts Panel
Methodology

Clark Center Economic Experts Panel

November 15, 2011

Tax Reform

This week’s IGM Economic Experts Panel poll statements:

A) Eliminating tax deductions for non-investment personal interest expenses (e.g., on mortgages), with reductions in personal tax rates that are both budget neutral and keep the burden of taxes by income group the same, would lead to more efficient financing decisions by individuals.

B) Reducing the deductibility of interest expenses for non-financial businesses to equalize the overall tax cost of debt and equity financing, while using the extra revenue to reduce personal and corporate tax rates in a budget neutral fashion that also keeps the burden of taxes the same, would lead to more efficient financing decisions by firms.

Business, Management, & Corporate Performance

November 7, 2011

Stock Prices

This week’s IGM Economic Experts Panel poll statement:

Unless they have inside information, very few investors, if any, can consistently make accurate predictions about whether the price of an individual stock will rise or fall on a given day.

Plausible expectations of future dividends, discounted using a plausible risk-adjusted interest rate, explain well the level of stock prices for recently listed internet businesses in 1999.

Business, Management, & Corporate Performance

October 31, 2011

Exchange Rates

This week’s IGM Economic Experts Panel poll statement:

The Chinese government pursues policies that keep the renminbi's exchange rate vis à vis the dollar lower than it would be if the currency floated without those policies.

Clark Center Economic Experts Panel

October 21, 2011

Education

This week’s IGM Economic Experts Panel poll statement:

Public school students would receive a higher quality education if they all had the option of taking the government money (local, state, federal) currently being spent on their own education and turning that money into vouchers that they could use towards covering the costs of any private school or public school of their choice (e.g. charter schools).

Clark Center Economic Experts Panel

October 17, 2011

Taxes

This week’s IGM Economic Experts Panel poll statements: A) All else equal, permanently raising the federal marginal tax rate on ordinary income by 1 percentage point for those in the top (i.e., currently 35%) tax bracket would increase federal tax revenue over the next 10 years. B) The cumulative budget shortfalls in the US over the next 10 years can be reduced by half (or more) purely by increasing the federal marginal tax rate on ordinary income for those in the top tax bracket.

Clark Center Economic Experts Panel

October 6, 2011

Monetary Policy

This week's IGM Economic Experts Panel poll statement:

All else equal, the Fed's new plan to increase the maturity of its Treasury holdings will boost expected real GDP growth for calendar year 2012 by at least one percentage point.

Clark Center Economic Experts Panel

September 29, 2011