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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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 policy’s 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...
When the data disagrees (as it does not on whether nominal wage growth is rising or falling), we all try to find reasons. This was an interesting hypothesis from @paulkrugman but I...
Today's large jump in the Atlanta Fed is a piece of evidence against my view that nominal wage growth is slowing. I had thought the issue was the way the timing of the data was re...
The argument by @ojblanchard1 @asdomash & @LHSummers that the natural rate has risen because matching efficiency has declined is compelling. But it has the testable implication of...
For everyone trying to add and subtract special factors the median CPI continues its relentless upward march. This is the CPI for the median price change (and is no longer shelter)...