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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European inflation is very different from US inflation: most of it is external shocks (natural gas prices much higher in Europe, US fiscal stimulus spills over to Europe through go...
In case you're not familiar with his work, @joseazar's research w/ co-authors @mioana, @Econ_Marshall, & @martincschmalz & others has generally found reasons to be concerned about...
Does deficit reduction reduce inflation? It depends. A brief 🧵 on *one* aspect of the question: it matters whether the deficit reduction is exogenous (e.g., you raise taxes by $25...
Nice discussion of recession risks from @abhabhattarai. A lot of people I respect are more worried than I am right now. I see strong consumer spending that can continue given healt...
Thanks for the careful read @econ_marshall. Curious if your concerns are of the way economics approaches these issues or you think I'm misrepresenting economics. To the degree it i...
Another very strong retail sales report. Good news for GDP & recession prospects. Bad news for a normalization of the economy w/ slowing inflation. Nominal sales +0.9% in April af...
Ec10 competition policy class Part 4: The Digital Giants I conclude with the debate over the digital giants. Note, this is limited to purely economic issues, not the broader quest...
Ec10 competition policy class Part 3: The Increase in Concentration This topic has gotten a lot of discussion, not sure if it shows up in many intro classes. Key point: we've see...
Ec10 competition policy class Part 2: Competition Policy in Practice This is where it starts to get more fun, material generally not covered in intro classes (possibly because it...
Ec10 competition policy class Part 1: Govt Policy Towards Monopolies. Previously we learned deadweight loss (monopolies restrict quantity, preventing beneficial exchanges). Also d...
Time for a lecture on competition policy! Over the course of today will do 4 🧵's covering an entire 75 minute Ec10 lecture on competition policy. And just like in class questions a...
After the greedflation kerfuffle, I wanted to step back and reflect on the role of polemics and open mindedness in approaching policy debates. I'll do it by talking about how to t...