Showing results 1 - 10 of 687
| Jason Furman | Willie Powell
May 17, 2021, Opinion: "he US economy lost a net of 8 million jobs between February 2020 and April 2021. Agreement is growing that people not actively seeking employment (inadequate labor supply) have been playing a major role in the slow recovery, as evidenced by factors including record job openings, the largest wage increases in decades, and other signs of a tighten labor market than would generally be expected given the still low levels of…
| Jason Furman
May 12, 2021, Audio: "Jason Furman, Harvard University Aetna Professor of Economic Policy, says some states should start rethinking unemployment insurance. Alicia Levine, BNY Mellon Chief Investment Strategist, says a little bit of inflation is positive for Main Steet. Thierry Wizman, Macquarie Capital Director of Global Currencies & Interest Rate Strategist, is not positive on iron. Steve Ricchiuto, Mizuho Securities Chief U.S. Economist,…
| Jason Furman | Willie Powell
May 7, 2021, Opinion: "The United States added 266,000 jobs in April while the unemployment rate rose slightly to 6.1 percent with the realistic unemployment rate, which adjusts for misclassification and the unusual decline in labor force participation, falling to 7.6 percent as more people entered the labor market. The economy was still 10 million jobs short of its pre-pandemic trend in April with the employment rate down 3.2 percentage points…
May 7, 2021, Opinion: "How high is the ongoing US fiscal expansion likely to push inflation? This column presents new evidence that underlying (weighted median) CPI inflation has so far steadily declined since the start of the COVID-19 crisis, broadly as predicted by its historical Phillips curve relation. If the ongoing fiscal expansion reduces unemployment to 1.5-3.5%, as some predict, underlying inflation could rise to about 2.5-3% by 2023.…
April 24, 2021, Videos: "Why does economics matter? Rebecca Henderson is one of 25 University Professors at Harvard, a research fellow at the National Bureau of Economic Research and a fellow of both the British Academy and of the American Academy of Arts and Sciences. Her research explores the degree to which the private sector can play a major role in building a more sustainable economy. Rebecca sits on the boards of Idexx Laboratories and of…
| Kenneth Rogoff
April 21, 2021, Paper: "Faced with a global natural catastrophe, countries must spend to deal with the immediate crisis, and to reduce longer-term economic scarring. Sustained infrastructure and education spending can help counter headwinds to the long-term outlook. However, the fact that government borrowing rates are at extremely low levels does not imply that the very high debt, especially short-term borrowing, is a free lunch. Real borrowing…
| Edward Glaeser
April 21, 2021, Video: "In this masterclass, titled 'The Economics of Cities' Edward Glaeser explores the economic history of cities and their principal industries, while, in turn, considering the trends that the current COVID-19 pandemic has given rise to in the current context as well."
Non-HKS Author - Edward Glaeser
April 21, 2021, Video: "The pandemic has had drastic implications across the globe. Still, as industrial countries return to a sense of normalcy thanks to vaccinations, the reality for many emerging and developing economies is bleak. Gita Gopinath, Chief Economist at the IMF will join the next event in our Rethinking Capitalism series to expand on these issues. Elias Papaioannou, co-Academic Director of the Wheeler Institute for Business and…
| Marcella Alsan
April 2021, Paper: "We study the contribution of economic conditions to the success of the first avowedly nativist political party in the United States. The Know-Nothing Party gained control of a number of state governments in the 1854-1856 elections running on a staunchly antiCatholic and anti-Irish platform. Our analysis focuses on the case of Massachusetts, which had experienced a wave of Irish Famine immigration and was at the forefront of…
| Roger Porter
April 16, 2021, Video: "In this webinar, Gene Steuerle demonstrated the extraordinary extent that Democrats for decades have succeeded mainly in devoting almost all real growth in spending to Social Security and health care, while Republicans have concentrated on lowering taxes on capital owned mainly by the rich and avoiding tax increases on others. Like two closing arms of a pair of scissors, these efforts have increasingly cut out investment…