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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Great explanations of the economics of a price cap on oil. I'm glad to see progress on this--it's a creative idea and IF it works it would be a big deal in helping to protect the g...
Willie and my blog on the latest employment numbers is now up. August was reasonably goldilocks--a lot of jobs added, nominal wage growth slowed, and even though unemployment rose...
In a meeting so will post more analysis later, but here is a chart of monthly/three month jobs changes--job growth moderating but still very strong (way above what is needed to mai...
Worth remembering the vicious abuse that @ProfEmilyOster & others who made this argument were subjected to. Then think about other debates like that. You're not hearing from a lo...
First Ec10 class tomorrow! We'll start out with how four different economists defined economics. Starting with the classic Lionel Robbins: "the science which studies human behavior...
Productivity is likely concave in hours/week: your 10th hour is probably more productive than your 100th hour. Pay is generally convex in hours/week: part-time workers get less pe...
Spoke in a panel at Jackson Hole on “An End to Pre-pandemic Trends or Just a Temporary Interruption?” Weight I put on pre-pandemic trends (as opposed to new factors) for 4 variable...
Sincere question: Why is the argument that student loan debt relief is unfair to people who already paid their loans so resonant with critics? Critics of Obamacare didn’t say it wa...
Great personal income data. Strong income growth. Moderate consumption growth. Prices down in the month of July--excluding food & energy up at only a 1.0% annual rate in the month....
A lot of well intentioned, thoughtful people seem to be misunderstanding the inflation argument around student loan debt relief and its relevance in assessing the policy. Let me ex...
The economy grew at a 0.4% (annual rate) in Q2. That follows 0.1% growth in Q1. This is consistent with some of the easing of the recession fears lately and somewhat better than wh...
Pre-registering my analysis of the revised GDP numbers coming out at 8:30am: I'm going to headline the avg of GDP (total final sales) & GDI (total incomes) as the featured numbers...