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Jason Furman

Jason Furman

Writing for PS since 2017
9 commentaries
1 videos & podcasts

Jason Furman, a former chair of President Barack Obama’s Council of Economic Advisers, is Professor of the Practice of Economic Policy at Harvard University’s John F. Kennedy School of Government and Senior Fellow at the Peterson Institute for International Economics.

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  1. America’s Wage-Price Persistence Must Be Stopped
    furman9_ STEFANI REYNOLDSAFP via Getty Images_USemploymenthiring Stefani Reynolds/AFP via Getty Images

    America’s Wage-Price Persistence Must Be Stopped

    Aug 2, 2022 Jason Furman argues that the Federal Reserve should err on the side of doing too much, rather than too little.

  2. Will US Consumers Keep Spending?
    furman8_ANGELA WEISSAFP via Getty Images_consumer spending ANGELA WEISS/AFP via Getty Images

    Will US Consumers Keep Spending?

    May 31, 2022 Jason Furman explains why high inflation and declining real wages have not caused households to reduce their outlays.

  3. This Inflation Is Demand-Driven and Persistent
    furman7_ C Patrick van KatwijkBSR AgencyGetty Images_shippping ports Patrick van Katwijk/BSR Agency/Getty Images

    This Inflation Is Demand-Driven and Persistent

    Apr 20, 2022 Jason Furman emphasizes that all the stories about supply shortages cannot explain the economic big picture.

  4. The Economic Consequences of the Ukraine War
    furman6Hennadii Minchenko UkrinformFuture Publishing via Getty Images_ukraine atm Hennadii Minchenko UkrinformFuture Publishing via Getty Images

    The Economic Consequences of the Ukraine War

    Feb 25, 2022 Jason Furman cautions against reading too much into the initial market reaction to Russia's invasion.

  5. Why Did Almost Nobody See Inflation Coming?
    furman5_Getty Images Yuichiro Chino_forecasting Getty Images Yuichiro Chino

    Why Did Almost Nobody See Inflation Coming?

    Jan 17, 2022 Jason Furman ascribes near-universal forecasting errors in 2021 to not taking economic models seriously enough.

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  1. elerian151_ Scott OlsonGetty Images_inflation Scott Olson/Getty Images
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    The Cost of the Fed’s Challenged Credibility

    Mohamed A. El-Erian interprets the latest market tumult as the price of delaying monetary-policy tightening for too long.
  2. roach143_Drew AngererGetty Images_jerome powell Drew Angerer/Getty Images
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    Core Dangers for the Fed and China

    Stephen S. Roach

    Just as a fixation on core inflation can mislead central banks, as it has done with the US Federal Reserve, the power of a “core leader” like China’s Xi Jinping is a recipe for misdirected and ultimately unsustainable policy regimes. The very notion of a core adds a false sense of precision when addressing complex problems.

     thinks the US central bank and Chinese governance share a conceptual weakness leading to major policy blunders.
  3. haldar13_Jens Büttnerpicture alliance via Getty Images Jens Büttner/picture alliance via Getty Images
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    Amazon’s Satanic Mills

    Antara Haldar sees recent unionization efforts as a welcome response to an unethical and inhumane business model.
  4. asadullah12_SAEED KHANAFP via Getty Images_malaysia migration SAEED KHAN/AFP via Getty Images
    1

    Asia’s Captive Market for Migrant Labor

    M. Niaz Asadullah highlights how an entrenched alliance of politicians, bureaucrats, and business elites is exploiting workers.
  5. sheng129_ROSLAN RAHMANAFP via Getty Images_asean cooperation ROSLAN RAHMAN/AFP via Getty Images
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    In Search of a Development Plan for Asia

    Andrew Sheng & Xiao Geng argue that bottom-up institutions – not top-down strategies – are the key to regional integration.
  6. emmott_Antonio MasielloGetty Images_meloni Antonio Masiello/Getty Images
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    Giorgia Meloni’s Moment

    Bill Emmott sees little difference between the Brothers of Italy’s program and that of recent right-wing governments.
  7. strain5_(Kent Nishimura Los Angeles Times via Getty Images_school Kent Nishimura / Los Angeles Times via Getty Images
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    America’s Education Emergency

    Michael R. Strain calls for urgent action to make up for pandemic learning loss in light of dismal new test scores.
  8. velasco129_DANIEL LEALAFP via Getty Images_kwasi kwarteng DANIEL LEAL/AFP via Getty Images
    1

    God Save the Pound?

    Andrés Velasco explains why sterling is plummeting when economic theory says it should be soaring.
  9. leonard82_YASUYOSHI CHIBAAFP via Getty Images_ukraine long war YASUYOSHI CHIBA/AFP via Getty Images
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    Preparing for the Long War

    Mark Leonard thinks Europeans should plan for a prolonged conflict despite Ukraine’s recent gains.

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