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.
عرض في 𝕏سلاسل التغريدات
The Fed's target PCE measure of inflation was lowered 0.9pp (annual rate) over the last six months by a quirk in how BEA imputes a non-market price for investment advice. Core inf...
Question about the NY Fed's Underlying Inflation Gauge (UIG) from @dolanecon. I haven't looked at it before but would be very reluctant to put much weight on an experimental measur...
The median CPI, which excludes all the large changes in either direction and is better predicted by labor market slack, is out and is extremely ugly. A 9.2% annual rate in August,...
It is a theorem that if you take below-average items out of your inflation measure then your measure will go down. That is, indeed, true of shelter this month. But it's not quant...
It's a good exercise to remember what your views were a few months ago and revise and update based on the data. A lot of people thought the high core inflation readings in the spr...
CPI report not pretty. Headline fine (0.1% CPI for Aug or a 1.4% annual rate in that month, with prices up 8.3% over the last year). Problem is excluding volatile food and energy...
Yesterday I posited the case for lump sum subsidies instead of electricity subsidies. Got two good arguments for subsidies, but I would still want to understand how these compare t...
Fleshing out my thoughts on the scariest macroeconomics paper of 2022: "Understanding U.S. Inflation During the COVID Era" by Larry Ball, Daniel Leigh, & Prachi Mishra. This 🧵 expa...
What is the best economic argument for electricity subsidies in the UK (and elsewhere) as opposed to simply giving people a check they could use on anything? There may be one--lots...
What did we learn from the fact that hourly wages jumped in July but slowed in August? Possibly just that July had 10 weekend days and August had 8 weekend days (as I learned from...
Why do firms offer benefits to workers? A common view is that it because they are nice and caring. But the alternative perspective, which probably has more truth, is that they’re...
@OxfordFrom Not sure I understand what you're arguing. IF you were arguing that it would be in the interest of a cartel of CEOs to collude against WFH/hybrid workplaces because eve...