Jason Furman Photo

Jason Furman

Appointment
Professor of the Practice of Economic Policy
Office Address
79 John F. Kennedy St. Ofer Bldg 407
617-495-8331
Furman, Jason. "How Lawyers Can Help Macroeconomists in the Wake of Three Major Challenges." Yale Journal on Regulation 34 (Fall 2017).

Abstract

Macroeconomics has changed in light of both developments in the world and its internaI intellectual evolution. This Article explores ways in which legal scholarship can help inform macroeconomic research and macroeconomic policymaking in light of three important developments: (i) limitations on conventional monetary policy in a world with lower equilibrium interest rates: (ii) labor markets not clearing as evidenced by persistent declines in labor force participation: and (Hi) the potential for microeconomic competition policies to have major macroeconomic effects.