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Jason Furman
jasonfurman
I did a talk in the excellent @MarkusEconomist Academy series yesterday on “Do Debt and Deficits Matter Anymore.” You can watch the video, see the slides, or read this longish
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My guess is my corner of twitter agrees with the substance of my latest @wsjopinion arguing for more stimulus/relief. So let me flesh out the underlying political argument--everyone will need
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What reduces economic activity: (i) the virus leading people to choose to distance or (ii) government required distancing.Research on services in March/April has found it is much more (i) than
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1.8m jobs created is a relief, a little higher than expectations and higher than many indicators suggested.But this is mostly the “easy” job growth as the number of people on
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Some confusion on twitter about supply shocks vs. demand shocks.I think *likely* much more supply shock than demand shock. No the CPI does not settle the issue (see below).But I'm
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An impressively thorough paper with the best evidence to date on the causal impact of various policies adopted in the CARES Act, from Chetty, @John_N_Friedman, @nhendren82 and others.https://opportunityinsights.org/wp-content/uploads/2020/0
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