http://cepr.net/publications/op-eds-columns/a-better-deal-than-what

Trump Move Would Boost Premiums, Raise Federal Costs, Destabilize Insurance Market

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Trump Move Would Boost Premiums, Raise Federal Costs, Destabilize Insurance Market // Center on Budget: Comprehensive News Feed
https://www.cbpp.org/blog/trump-move-would-boost-premiums-raise-federal-costs-destabilize-insurance-market

Ending the CSR payments would boost premiums for many consumers, raise overall federal marketplace subsidy costs, and likely cause some insurers to withdraw from the marketplaces.


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Chart of the Week: Electric Takeover in Transportation

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Chart of the Week: Electric Takeover in Transportation // IMF Blog
https://blogs.imf.org/2017/07/31/chart-of-the-week-electric-takeover-in-transportation/

By IMFBlog

July 31, 2017 

An electric car recharges at a meter in London: The UK is the latest country to announce plans to end fossil fuel vehicle sales by 2040 (photo: Sasha Fox Walters/iStock by Getty Images)

The switch from horses to automobiles in the 20th century paved the way for the rise of oil-based transportation and energy use. Today, electric vehicle ownership is picking up speed. Greater affordability of electric vehicles will likely steer us away from our current sources of energy for transportation, and toward more environmentally friendly technology. And that can happen sooner than you think.

Our Chart of the Week from a recent IMF working paper shows that the transition away from motor vehicles could happen in the next 10 to 25 years, based on parallel shifts in the 20th century. Patterns observed in the early days of the horse-car transition closely resemble present-day electric vehicle adoption rates. Between 2011 and 2015, the average annual growth rate of electric vehicle ownership was 120 percent. This is, in fact, slightly faster growth than that of motor vehicles during a comparable timeframe in the past. Using the horse-car parallel, the paper forecasts that by 2040 motor vehicles could mostly disappear in advanced economies, and could comprise about a third of the fleet of all cars in emerging market and developing economies.

Even as Tesla spearheads the transition to electric vehicles, the auto industry is also focusing greater attention on electric vehicles and rapidly increasing the number of models offered, including SUVs. As recently as last month, Volvo announced that it will produce only electric or plug-in hybrids as early as 2019.

Meanwhile, many countries are running with the idea. Both the UK and France are aiming to phase out diesel and gas vehicles by 2040. China has become the largest market for electric vehicles, and India recently announced ambitious plans to get millions of electric vehicles on the road by 2030. Every month seems to bring news confirming a global shift in transportation technology.

But the switch to electric cars has deep implications for the auto industry, climate change, and the oil market.

The auto industry must shift gears to deal with potential disruption. Electric cars take fewer parts to produce, and require less maintenance than motor vehicles. Therefore, investment in people is critical—whether job training or reskilling programs—to enable workers in both advanced and emerging market economies to work with new technologies, such as self-driving cars and in industries such as battery production.

At the same time, the environmental benefits could be huge, leading to reduced emissions over time, and helping achieve the climate change goals of the Paris accord. What this means is that policymakers and businesses must anticipate the potential consequences of the rise of electric cars and start implementing the right policies for a smooth ride.

Stay tuned for a forthcoming blog on the implications for the oil market.


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Links for 06-30-17

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Links for 06-30-17 // Economist's View
http://economistsview.typepad.com/economistsview/2017/06/links-for-06-30-17.html

Thoughts on Improving Academic Journals - Douglas Campbell Selecting for groupthink - Stumbling and Mumbling Economists and the Euro: for the record - mainly macroThe hype, reality, and causes of the global trade slowdown - VoxEU Macro Model Comparison Research Takes Off - John Taylor Markups in a monopolistically competitive macroeconomy - Nick Rowe The Future of Countercyclical Regulation - The Regulatory Review Monetary policy, credit, and economic activity in developing countries - VoxEU The E.U.'s Antitrust Fine Against Google - Adam Davidson
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Enlighten Radio:The Poetry Show: Peggy Shumaker is Poet of the Week

John Case has sent you a link to a blog:



Blog: Enlighten Radio
Post: The Poetry Show: Peggy Shumaker is Poet of the Week
Link: http://www.enlightenradio.org/2017/07/the-poetry-show-peggy-shumaker-is-poet.html

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NYTimes: White Economic Privilege Is Alive and Well

White Economic Privilege Is Alive and Well https://nyti.ms/2hcgdnG

Enlighten Radio:Enlighten Radio Podcasts: Winners and Losers -- 2 Podcasts on the week that ...

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Blog: Enlighten Radio
Post: Enlighten Radio Podcasts: Winners and Losers -- 2 Podcasts on the week that ...
Link: http://www.enlightenradio.org/2017/07/enlighten-radio-podcasts-winners-and.html

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