What Simon Johnson thinks about benchmarks

@simon-johnson · 5 positions · On ppll ↗

Economist; Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan, former chief economist of the International Monetary Fund, and co-author of 13 Bankers and Power and Progress.

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1 dated position, 2022, in their own words. Our reading of what Simon Johnson has said — not written or endorsed by them.

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1. 11 Oct 2022

   Our readingAn oil embargo without a price cap would reduce global oil supply and push up benchmark prices like Brent.

   Europe

   Their wordsIf the EU implements these measures without a price cap, we would expect the supply of oil to the world market to decline - and benchmark oil prices (e.g., Brent) to rise.

   ↗Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exportsbaselinescenario.com 1st of 2 in this piece