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Jason Furman

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Willie and my blog on the latest employment numbers is up. The title poses a question and the blog does not completely answer it because I’m a bit confused right

I'll go on a Twitter break after the jobs #s tomorrow. Will get everything out of my system before then.Which brings me to inventories.They are very low, getting lower, and

Some have said the revenue maximizing capital gains tax rate is around 28%. That is plausible if you are just raising the capital gains rate. But if you are also

Earlier today I had an exchange with @StephanieKelton. She referred me to a paper. I read the paper and it makes my point and contradicts her claim.There is a broader

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

On Thursday the government will release its estimate of GDP growth in the third quarter. The number is expected to be something like 35%. Three bits of arithmetic context followed

How should we think about the ideal size of fiscal stimulus right now? A thread with two approaches: (1) top down (based on filling the macro hole) and (2) bottom

The fiscal response has now ended. The "cliff" was at the end of July but given that most households saved a lot in the spring & had healthier balance sheets

Contrary to the increasingly widespread view, I think the U.S. reliance on unemployment insurance is likely to be a *better* way to maintain employment relations than if we had partially

It is essential that future COVID legislation include triggers that extend whatever assistance is needed as long as is necessary—and work to help ameliorate future recessions as well.Four reasons why: