Sign in with Twitter

Username:

Jason Furman @jasonfurman Cambridge, MA

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

1,005 Following   33,338 Followers   3,439 Tweets

Joined Twitter 4/8/11


My one point from my third panel—how the safety net does much more to reduce poverty today than it did in the past… https://t.co/LBlmsr4BrIMy two main points on monetary and fiscal policy from the Reinventing Bretton Woods conference. https://t.co/MwHwSBOVbAMy four main points on digital competition from the House Judiciary Committee hearing this morning.… https://t.co/1enjzBngAbA busy day in DC. Testified this morning on steps to increase digital competition, spoke at the Reinventing Bretton… https://t.co/qVz8PxJHNmFour main points: 1. Competition currently insufficient 2. Absence of competition is harmful 3. Should do more r… https://t.co/4DC0ZqvV3DI testified to Congress today on the importance of promoting digital competition. Reposting my tweets with the corr… https://t.co/2gEfVZDnMVIf you want to know what @jasonfurman, @HilaryHoynes and Jesse Rothstein think about Henrik Kleven's EITC paper, it… https://t.co/fW8ucHb3uI
Retweeted by Jason FurmanAntitrust SubCttee Hearings on Data & Privacy in DC. Great statements and questions on economic incentives created… https://t.co/dUIGXPHdM2
Retweeted by Jason Furman
10/18
2019
Very happy to go this Friday to DC. Invited by US House Judiciary Committee to testify at hearing on data and priva… https://t.co/L4pGnbmhzV
Retweeted by Jason FurmanCongrats to the Nats!Maybe moving to the Boston area was a mistake.
10/16
2019
Time for some chocolate #NobelPrize @NobelPrize https://t.co/7Md3aJvH7p
Retweeted by Jason Furman
10/12
2019
And yes, taxes at the top have fallen by just about any measure. I view that as a problem and in the short run the… https://t.co/EURsoryoyBAs an aside, VATs are actually more progressive than payroll taxes as they also effectively tax existing wealth--ev… https://t.co/3kQpxSNpPHAnyone who supports, for example, the FAMILY Act for paid leave is calling for a more regressive tax system (it has… https://t.co/CfhHNNBBamEven ignoring benefits, social insurance taxes changes tell an incomplete story since the EITC and the refundable p… https://t.co/4U4Qyw4oQUThe government taxed very differently in 1950 but it also spent money very differently. (Regressive) social insura… https://t.co/ENnCZBwxhXThe nature of government has changed a lot--in 1950 the US government was basically a large army. Now it is a large… https://t.co/9a8jzZYqqh
10/9
2019
@Austan_Goolsbee @gabriel_zucman Health insurance is counted as part of compensation in both the CBO numbers I show… https://t.co/cJnha83nRb @gabriel_zucman 3. This has been about whether to include transfers. Also very big differences between your tax num… https://t.co/HZumjyqSPX @gabriel_zucman 2. No one right/wrong way to look at distribution. But in general ignoring transfers ignores much o… https://t.co/zIX1lRzqTB @gabriel_zucman I try to avoid twitter debates so will leave this one with three thoughts: 1. You’ve made a lot of… https://t.co/i8lEPUVreG @gabriel_zucman And not sure why you say no one does that. CBO does. I did that in my tweets at the start of this c… https://t.co/nXglznWerr @gabriel_zucman Of course you should distribute all cash/quasi cash. You pay $2,000 in taxes and get $1,500 then on… https://t.co/2LKRPncLWo @gabriel_zucman What is the economic argument for saying that If someone pays $2,000 in taxes and gets a $1,500 gra… https://t.co/u9dJAQLprS @gabriel_zucman We are trying to use these estimates to show something about how policy affects the well being of p… https://t.co/GCDVU86Gev @gabriel_zucman I understand what you do. I am trying to understand why you do it. Appeals to "all national income… https://t.co/NTc30RE2Jz @gabriel_zucman I pay $2,000 in taxes and government sends me $1,500. I pay $500 in taxes. How are those different? @gabriel_zucman Surely a fiscal system with free healthcare for all is more progressive than one without, everythin… https://t.co/gPlJRasuaK @gabriel_zucman 1. Correct, this is 2016. Not sure where anyone has data for 2018 from, would be a bit less progres… https://t.co/licSRFqc5IThis matters because the way European countries achieve greater progressivity than the United States is not primari… https://t.co/rkd1w3h9jCAnd all of these estimates, tax and spending, depend on a lot of assumptions. These are the assumptions from CBO, w… https://t.co/9h21puuWtWAlso this just values government transfers and values them at cost. Arguably spending on courts and national defens… https://t.co/e4cvmD8ANRLots of caveats on the previous. I did non-elderly to avoid issues around seniors looking temporarily lower-income… https://t.co/McMZu4MPY9It is not clear why you should just look at the tax system without looking at what it funds. eg, is Social Security… https://t.co/sUypC2BzWMThe standard data shows that the tax system is overall progressive. This chart combines CBO estimates for federal t… https://t.co/tHJtoQXJr1
10/7
2019
I just discovered my son in bed watching a video of David Laibson lecturing about demand curves. This would never… https://t.co/lxbuHx1Kwe
10/6
2019
.#Germany’s economists, notably the prestigious council of 5 “wise people,” have come to the view that current econ… https://t.co/eV7U4xdZBN
Retweeted by Jason Furman
10/4
2019
Powerful argument by @drlisadcook & Anna Gifty Opoku-Agyeman on the underrepresentation of black women in economics… https://t.co/uoCBjcc7vm
10/2
2019
Since 2000, the empirical evidence confirms the widespread perception that real wage growth is an additional benefi… https://t.co/80WgEif5lg
Retweeted by Jason Furman
10/1
2019
@econjared Yes!Tak for kaffechatens, Dronning af Konkurrenceretten #unlockingdigitalcompetition #europeancompetitionlawhttps://t.co/QbgJzy4hAH
Retweeted by Jason FurmanOn both employment and wages, there are major structural issues that need to be addressed to improve productivity,… https://t.co/tP6Gs3VYZxIn addition I talked about the fact that prime age male employment rates have risen in recent years but are still n… https://t.co/6kwFqoB421The finding of greater cyclical sensitivity of wages than prices is robust—you see it it with different models of t… https://t.co/YUiBYqutK0Last week I spoke at a Fed Listening event on their monetary strategy, tools and communication. My general points a… https://t.co/N3cyBcJrir
9/30
2019
I analyzed the economy since the Tax Cut and Jobs Act in December 2017 in a recent @AEIideas blog. I haven't update… https://t.co/Z1PHPAyvNACan interpret as businesses more forward looking & investment more long-lasting, so cutting back on investment give… https://t.co/dXSti9uQ1X3rd GDP estimate for Q2 is very little changed from the second estimate: 2.0% growth of GDP (or 1.9% for my preferr… https://t.co/MlvRNeZ09m @CassSunstein @NatashaRSarin @ColumLRev @R_Thaler @LHSummers Now on the top of my pile.
9/26
2019
@BW @BEA_News @philadelphiafed And @jasonfurman has been doing his best to popularize GDI, and GDI/GDP averaging, a… https://t.co/3Mwcl0rJjQ
Retweeted by Jason Furman
9/24
2019
The American Working Man still isn't working. 8.5 million men aged 25 to 54 are either unable to find a job or no… https://t.co/1XGIrCI2nx
Retweeted by Jason Furman
9/22
2019
Why is the United States seeing a drop in the employment rate of men aged 25-54? @jasonfurman has the answer: https://t.co/Le1l6fvzU8
Retweeted by Jason Furman
9/20
2019
An important female side of the story too, with progress in employment rates slowing since 2000 as the United State… https://t.co/nIucqwxPBnThe employment rate for age 25-54 has surpassed its pre-recession value. The large increase in prime age female em… https://t.co/L5v7aYF9pS @AndyHarless The men not working are not spending more time on childcare of household work. And they are less likel… https://t.co/8RVSaPGHWf @amsterdamski2 @MichaelRStrain @Noahpinion Will try to do a thread on this later today, look out for it.But even expansionary macroeconomic policies have not been enough to offset the structural trend associated with de… https://t.co/iIAwx2IqHAI should say, prime age male employment rates are in better shape today than I would have guessed when writing abou… https://t.co/9YsRKfrcuzPrime age men never fully recovered from the relatively mild recessions in 1991 or 2001. And it has not recovered f… https://t.co/D9tb3nVGZ5This is not new. The non-employment rate (the inverse of the employment population ratio or EPOP) always rises in r… https://t.co/FZqVGoUobC10+ years of growth, longest streak of job growth ever and 50-year low for unemployment rate. But, the fraction of… https://t.co/gkUMPq2HPLAn interesting conversation between @MichaelRStrain and @Noahpinion on teaching introductory economics--both how th… https://t.co/rdiTeTMZAO
9/19
2019
@ResisteUSA Email me. My email is on the Harvard website.You tuned in to twitter to be ready for the FOMC decision. You have five minutes to wait. Reading my analysis of th… https://t.co/2SWATtYozJI really appreciate @aparnamath and @erinmelly2 inviting me to write this--and recommend you stay tuned for the all… https://t.co/DbF5UywXtBUltimately, however, the most important issue is what to do going forward. I believe we can have a more efficient b… https://t.co/MZeUqIysNTThe best hope for a better understanding of the causal impact of the TCJA will be microeconomic research that looks… https://t.co/QNcwix85VKSorting all of this out the main conclusion is that the second sense of "not much" (hard to extract the signal from… https://t.co/nWyrFDH5hlAt least three macro stories are also important but go in different directions: fiscal stimulus boosted the economy… https://t.co/aNo60orvJMA lot of sector-specific stories are important. This table tells some of them: (i) oil-related investment growth sl… https://t.co/jGWyMxZa6CThe second sense in which the data tell us "not much" is that is the difficulty of extracting the signal (the effec… https://t.co/Byq9cdKQXKI assessed what the macro data tells us about the Tax Cut & Jobs Act for @AEIdeas. My bottom line: "not much". Sinc… https://t.co/12tK5IXlqbVery excited to feature the next #TCJANowWhat blog, this one from @jasonfurman. Reactions? https://t.co/CRUg8UV1Hy
Retweeted by Jason Furman
9/18
2019
“Capitalists—like CEOs of major corporations—do not actually like competition or markets. They like to be insulated… https://t.co/s87bGOvxrD
Retweeted by Jason Furman
9/17
2019
@johnvarickwells @five_books @Harvard Worth reading what I say in the interview. Important contributor to the evolu… https://t.co/tJeLFUhUp3 @AyresAlyssa @goodreads Can't wait. @AyresAlyssa @goodreads In exchange for those kind words I'll make sure to read your book this year. https://t.co/6NJRrQCZhn
9/13
2019
“Capitalists—like CEOs of major corporations—do not actually like competition or markets. They like to be insulated… https://t.co/Ovo5d2kOcj
Retweeted by Jason FurmanThree things I love: economics, books and my wife. So happy to share this interview with @eveagerber about my five… https://t.co/yGkQSw7aid
9/12
2019
On this, income poverty release day, let us all remember the time @jasonfurman called this release economists' "Sup… https://t.co/CTxkZ7o6tT
Retweeted by Jason Furman
9/10
2019
Also, @D_W_Wilcox currently has an extremely high ratio of wisdom to twitter followers. Let’s do something to get that ratio down.One of the many benefits of @D_W_Wilcox retiring from the Fed is that he can now share his views more widely (from… https://t.co/2hTEApTKmXCongress can blunt the effects of the next downturn by tying spending increases to the unemployment rate, writes HK… https://t.co/Wox8vLMcju
Retweeted by Jason FurmanVery cool. And valuable! https://t.co/agy3ps6VqA https://t.co/VBRpul1UvV
Retweeted by Jason Furman @JamesKvaal You have a deal.Tie spending increases to the #unemployment rate, says @jasonfurman in @WSJ https://t.co/5GYZrAeyt1
Retweeted by Jason FurmanOPINION: Given uncertainty, Congress should pass a law immediately that would automatically trigger stimulus if the… https://t.co/MoVjfRrxD3
Retweeted by Jason FurmanThe formula's I propose are imperfect. Sometimes they will start too late. Sometimes they will trigger on unnecessa… https://t.co/KCEin0Kh9vThis is called "improving the automatic stabilizers", making more taxes go down and spending go up automatically as the economy weakens.Rather than guessing if we are going into a recession, should make fiscal stimulus more automatic. If unemployment… https://t.co/WyYj6emunCAnd those of us who have the misfortune of making macro forecasts should always emphasize how unsure we are about t… https://t.co/blFpfUZ9SkIn fact, research has tools--some of them literally called "confidence intervals"--to convey uncertainty about esti… https://t.co/2nUZQHaSkbJoseph Epstein in today's @wsjopinions: "But who among [economists] is to be believed? My own advice would be to be… https://t.co/8rfuafBpOOCongress can blunt the effects of the next economic downturn by tying stimulus spending to the unemployment rate, w… https://t.co/VKxThrSUAP
Retweeted by Jason FurmanCoda: I’m reasonably confident the economy was not in recession in August. But the world is always very uncertain w… https://t.co/6wSbiRvIxn3. Wage growth was 0.4% in August, 3.2% over the last year. This is a bit of an improvement over the recent pace, i… https://t.co/Zxe3Ue1ixI2. As a result, unemployment stayed at 3.7% and the labor force participation rate rose 0.2pp to 63.2%. Over the l… https://t.co/0PXWhCgumjThree most important points on the jobs numbers plus a coda: 1. Average job growth of 156K in the last 3 months. 1… https://t.co/7HJMuNW1Dn😊 “Sahm Rule” 😊 https://t.co/Xv54K0O4hC
Retweeted by Jason Furman
9/6
2019

0