Toggle navigation
TWunroll
TWunroll
faq
Contact US
Jason Furman
jasonfurman
Excellent thread.Stunning magnitudes: spending by unemployed increased about 25% relative to the consumption of the employed.If we had a stable program (not the on-off-on one we had) what would we
Read more
This isn’t a debate that can be settled by theory.The theory (as well as evidence and financial market data) are clear: larger fiscal measure = more inflation.https://twitter.com/austan_goolsbee/status/1358405078852501505 The questions ar
Read more
A story about the unpopularity of one-time checks in 2008 and their replacement with reduced withholding in Making Work Pay in 2009 and 2010.Now checks are popular.I don't think this
Read more
GDP for Q4 is coming out tomorrow. It won't tell us much about how the economy is doing very recently but will be a great moment to look back at
Read more
Some confusion about the term "pent up demand".Short version, should distinguish btwn:"Excess savings" (which we know households, in aggregate, have)"Pent up demand" (a hypothesis that people will buy more this
Read more
Historically rules/institutional frameworks for monetary and fiscal policy were motivated by the concern that politicians were BIASED towards too much deficit increase, inflation, living for the moment, etc. Certainly some
Read more
The argument for deficits & debt raising interest rates in the US is not increased credit risk, it is that interest rates are a function of economic fundamentals, flows &
Read more
A few thoughts on the recovery plan that President-elect Biden is announcing tonight.THREAD: It is *very* large. Together with the December legislation it would be around $2.8T, which is about
Read more
My retrospective on the Trump economy in @WSJopinion, what the macroeconomic data can't tell us, but also what economics can can tell us in four lessons. One tweet per lesson:https://www.wsj.com/articles/the-policy-lessons-of-the-trump-
Read more
The Treasury designating Vietnam a currency manipulator is the epitome of everything that is wrong with the entire concept. Treasury may well have been implementing the law correctly so this
Read more
In our new paper @LHSummers and I argue that low interest rates present a challenge for monetary policy and financial stability but an opportunity for fiscal policy--if we choose to
Read more
We all are very used to looking at debt/GDP as a fiscal metric, I’ve looked at it myself and shown it thousands of times. But that doesn’t make it right,
Read more
‹
1
2
›
By continuing to use the site, you are consenting to the use of cookies as explained in our
Cookie Policy
to improve your experience.
I agree