Jason Furman
Professor of Practice at Harvard. Teaches Ec 10, some tweets might be educational. Also Senior Fellow @PIIE. Was Chair of President Obama's CEA.
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GDP fell at a 0.9% annual rate in Q2. Consumption rose a tepid 1.0%. Business fixed investment better than expected (-0.1%) but residential investment cratered (-14.0%). Volatile...
The Inflation Reduction Act is what the country needs right now--helping to address one of our biggest long-run challenges (climate change) while making progress on our biggest sho...
The GDP numbers for Q2 won't tell us whether we're in recession. They won't even provide much new info because they largely add up data that's already been released in recent month...
A lot of both the supply & demand explanations for inflation have a derivatives problem. They attempt to explain high inflation (a rate of change) with unfavorable supply disruptio...
Most of @epopppp's "Thinking Like an Economist" is an original, insightful, and persuasive story about the growth of economic thinking in public policy. I strongly recommend it to...
One criticism of MMT is that it does not have testable predictions. Increasingly it seems as if it does advance two testable (and tested) hypotheses: 1. Cutting interest rates red...
A lot of the "Manheim Index down" and "did you see the price of copper?" discussion has a whiff of the "lumber is down so inflation will be too" discussions in mid-2021. Has some...
We usually and appropriately analyze monetary and fiscal policyβs impact on output and inflation almost entirely through the lens of demand. That is because those effects are much...
Excellent @petersgoodman on the complex & dangerous global economic situation. The article is especially strong on the impact on emerging markets. I would, however, emphasize pol...
I can't understate how important it is to read this thread--even if you're not deep in the macro debate--if only as an example of modesty, error correction/updating, the importance...
Some of the neo-Brandesian views (like the hatred for Wal-Mart 15 years ago) often seems grounded less in consumer welfare and more in a view that everyone should be shopping at ex...
Nominal retail sales up 1.0% in June but real retail sales (my estimate) down again and now roughly at their pre-pandemic trend. (Unfortunately inflation has shifted over to servic...