CEA Chair for President Biden. Former economic adviser to VP Biden. Views are my own. White House acct: @econjared46.jaredbernsteinblog.com Washington, DCJoined May 2011
I've long been remiss in sharing must-hear music, so allow me to more than remedy that with this up-tempo, on-fire jam from Kenny Baron's trio. Check out where he goes at 2:55 as he shifts the trio in overdrive!
youtube.com/watch?app=desk…
As expected, the June consumer price index (CPI) released today shows that inflation remains higher than we would like. It bears repeating, however, that inflation is not an issue for the economic package that Congress and President Biden are working to enact. 1/5
You know how much I love the crisply swingin' piano of Wynton Kelly. Every phrase, every note just pops such that you've got to snap fingers, tap toes, and elevate to a higher grooveplane than that we normally inhabit. Am I right??
youtube.com/watch?v=7VbuIa…
What's driving June's CPI inflation? Strip out pandemic-affected sectors like hotels/autos, month/month core inflation up just 0.2% in June – trending down from 0.3% in April/May. IOW, supply-chain constraints that we expect to ease.
What's driving June's CPI inflation? Strip out pandemic-affected sectors like hotels/autos, month/month core inflation up just 0.2% in June – trending down from 0.3% in April/May. IOW, supply-chain constraints that we expect to ease.
72K Followers 270 FollowingSenior economist at the Center for Economic &Policy Research (@ceprdc). Blog-- Beat the Press (@beat_the_press) I'm now at Mastodon @[email protected]
157K Followers 2K FollowingProfessor of Practice at Harvard. Teaches Ec 10, some tweets might be educational. Also Senior Fellow @PIIE. Was Chair of President Obama's CEA.
53K Followers 1K FollowingProvost Prof. of Economics (UMass Amherst).
Inequality, labor market policies and competition.
Book project: The Wage Standard.
@nberpubs @MITshapingwork
52K Followers 1K FollowingSpecial Assistant to the President, National Economic Council. Former macro, @RooseveltInst. Liberal. #Rstats fan. Dad. Chicago guy. Personal account.
109K Followers 961 FollowingPresident & CEO, Federal Reserve Bank of Chicago, econ prof @ChicagoBooth, frmr Chair, Council of Economic Advisers. I don’t speak for the Fed or others on FOMC
20K Followers 8K FollowingProud girl-dad. Nonpartisan budget wonk + econ prof. Tweeting less - on fiscal & economic policy & the world. Thoughts are 𝐦𝐲 𝐨𝐰𝐧! Blue check mark.
32K Followers 2K FollowingConstruction worker turned academic turned central banker turned academic again. Chair, Economics Department @MiamiHerbert University of Miami
30K Followers 2K FollowingPersonal account. Director of Economics at @The_Budget_Lab. Former Chief Economist at @WhiteHouseCEA; Evercore ISI; @USTreasury; @UpshotNYT.
42K Followers 4K FollowingGlobal Order and Institutions @CarnegieEndow
Author, The Price of Peace: Money, Democracy and the Life of John Maynard Keynes: https://t.co/CTMeVOtSWB
15 Followers 376 FollowingHouses were built in 1 day under FDR. Wilson Admin built houses in 27 states. $25k-$50k in down payment assistance per person is equivalent to GI Bill.
366 Followers 888 FollowingEd Policy PhD student @vupeabody focused on intersection of the safety net & ed | Former Science Teacher @JCPSKY | @GoldmanSchool MPP | Probably eating bread
23K Followers 2K FollowingNr. 4 på Socialdemokratiets liste til Europa-Parlamentsvalget. Far til Calvin & Buster. Gift med mit livs overscoring. 20194446. H: https://t.co/3nLy2ugyhi
155 Followers 407 FollowingI write about antitrust, clean energy and industrial policy. I work and learn at Oxford University and Harvard Kennedy School.
429 Followers 1K FollowingAka Mauz. 🇧🇷 5th year Econ Ph.D. University of Minnesota. I study International Economics with a great appetite for modeling and solving models numerically.
63K Followers 5K FollowingJournalist, Hindustan Times. Author-How The BJP Wins (2017) and Battles of The New Republic:A Contemporary History of Nepal (2014)
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Today is my last day in the Biden Administration. On Monday, I will start at the Center for American Progress (@amprog) as the Senior Director of Federal Budget Policy, where I will continue working to ensure the federal budget prioritizes the most vulnerable.
@econjared@BeatlesEarth Great choice! And a great reason, Jared -- the dual geniuses give you a song that is manic, depressed, fantastic, mundane, morose, hopeful, lush and sharp.
Remember folks, it's not the great resignation, it's the great upgrading. Hiring is outpacing quits in every major industry. People are quitting their jobs to take better jobs.
The hires rate remains higher than the quits rate in every major industry. This indicates that when workers quit, they are taking other jobs-likely in the same sector-not dropping out of the labor force altogether.
I’m here at the Polish border. Many of the Ukrainians I met today had slept in cars for days or walked more than 20 miles in the freezing cold to get here. They’re relieved by this welcome:
In addition to their research contributions, all three econ Nobelists — especially Card — are prolific advisors and mentors, and all three remain very active. I’m so happy for all three, but especially for Card, my advisor, mentor, colleague, and friend.
Here’s a tax policy must-read from two top economists, @gregleiserson of CEA and @dannyyagan of OMB: they find, conservatively, that the wealthiest 400 families paid an average income tax rate of just 8.2% over 2010-2018
bit.ly/39vMoXv
I had to euthanize my doberman last week. She was a great girl. We got her as a rescue when she almost nine. We were able to give her four pretty good years. We miss her enormously.
This is very important work that upends what economists thought they knew about wage inequality in the U.S.: the culprit is policy-driven loss of bargaining power, much more than skill-biased technological change. By @LarryMishel and @joshbivens_DCepi.org/unequalpower/p…
New from me at the @hamiltonproj : don’t overreact to inflation news in the next few months. There will be a temptation to read too much into upcoming fluctuations. First, prices fell last March, that has put us behind a 2% trend. (1/5)
hamiltonproject.org/blog/dont_over…
Sad to announce today is my last day with the remarkable @EdLaborCmte and our beloved Chairman @BobbyScott.
But excited to begin next week with Senator @MichaelBennet, building on amazing work his team has done on #ChildTaxCredit, UI, evictions, and more.
New analysis from Columbia Univ analysts on game-changing anti-poverty impacts of Biden/Harris new American Rescue plan. Already, picking up real excitement around this proposal from wide range of folks. povertycenter.columbia.edu/news-internal/…
A very significant statement from Joe Biden: "We should be investing in deficit spending in order to generate economic growth."
He notes that borrowing rates are low and says there's a need for an economic infusion now.