Jason FurmanOvjeren akaunt

@jasonfurman

Professor of Practice at Harvard. Teaches Ec 10, some tweets might be educational. Also Senior Fellow . Was Chairman of President Obama's CEA.

Cambridge, MA
Vrijeme pridruživanja: travanj 2011.
Rođen/a 18. kolovoza 1970.

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  1. 2. velj

    I loved ‘s Why We’re Polarized. Here is why:

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    This is quite a read - backing diagnosis of our panel led by with . Consultation until 12 Feb on steps to make digital markets more competitive

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  3. Thrilled to see the CMA's Interim Report on Online Platforms & Digital Advertising. The expert Panel I chaired recommended conducting this market study. Now the Interim Report agrees with our core recommendation of a pro-competitive regulatory regime.

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    What do two Nobel laureates, former Fed Chair Janet Yellen, and former CEA Chairs & all have in common? They just endorsed the Measuring Real Income Growth Act, which Vice Chair introduced to Congress in January.

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  5. I got ’s Open Borders for my son. But then I read it first (is very quick). Highly recommended—the most powerful an economic and moral argument on a fundamental issue I have ever read in graphic novel format and up there in any format.

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  6. A huge amount that is good in Good Economics for Hard Times by Nobel-prize Winners Banerjee & Duflo. But on the hottest issues they too often fall short of their aspiration to focus on facts and economics while acknowledging uncertainty/nuance. My review:

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  7. My review of 's The Great Reversal: "A great read on an important topic that advances a bold thesis about the US economy, a counterintuitive re-thinking of the economic institutions of the EU, and a synthesis of a lot of Philippon's research."

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  8. My review of Jon Gruber and ’s excellent book combines a history of technology policy with a bold and creative proposal to dramatically increase science funding while extending it to benefit more areas of America and more Americans.

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    24. stu 2019.
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  10. proslijedio/la je Tweet
    12. stu 2019.

    Really delighted to receive this prize. It is named in honor of Toni Calvó-Armengol, who did seminal work in the economic theory of networks before he died tragically young at 37.

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  11. Retweeting this for 2 reasons: (1) is now on twitter and you can follow it & (2) read the table of contents to appreciate the wide range of topics that economists contribute to (in this issue: lead poisoning, discrimination, nutritional deprivation in Africa, etc.)

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  12. Congrats to the Nats and my DC friends, you sure know how to make it exciting.

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  13. And here are the updated gory details on investment: slowdowns in equipment and structures with or without the volatile oil/mining category only partly offset by strengthening of growth in intellectual property products like R&D.

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  14. Growth rate in the 7 quarters before/after the tax cut: down slightly, reflecting small slowing of consumer spending, large slowing of investment, partly offset by faster government spending. This updates my blog, see that for more context.

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  15. How to tell the good case (falling to slow trend growth) from the bad case (falling below trend): is the unemployment rate rising. So far it is not but anything could happen.

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  16. In the bad case, growth will fall below trend. In that case, monetary and fiscal stimulus could both help.

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  17. In the good case, when the unemployment rate stops falling (and labor force participation stops rising, which could take longer), the GDP growth rate will settle down around 1.75% give or take. Not much monetary policy could do about this type of slowdown.

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  18. This means that GDP growth for the last two quarters averaged ~2.0%. Why is notable is that unemployment rate continued to come down over this period, more evidence that the trend growth rate in the economy is below 2%.

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  19. GDP for the third quarter was 1.9%. That is a little above expectations and somewhat below the pace over the previous year. Consumer spending remains strongish (+2.9%) and business fixed investment continues to fall (-1.3%). No big surprises.

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    Odgovor korisnicima

    It should be clear since team CEA w/ published the famous figure below that we cannot estimate u* within a policy-relevant conf int. Thus, we must look elsewhere:

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