Judd Cramer

Lecturing @HarvardEcon.

[Judd Cramer @juddcramer]

@AndreiSterescu This is great! You mentioned Japan is in your data. Do you know what it looks like relative to EU/US sectorally?

[David Wallace-Wells @dwallacewells]

Two years ago, Larry Summers and a team of coauthors argued that accounting for interest rates — and the cost of money they implied — explained 3/4 of the apparent sentiment gap between traditional economic indicators and vibes in 2023. https://t.co/eeBoOohKqC

[Mary Julia Koch @MJ_Koch]

Today, the cost of securing a top college athlete like Cooper Flagg can be millions of dollars.

“Especially in these times when higher education might be facing cuts, schools want to do everything they can to recruit students,” says @juddcramer.

[Joe Weisenthal @TheStalwart]

The new Summers paper folks have been talking about:

[Lawrence H. Summers @LHSummers]

In new NBER paper with @MA_Bolhuis, @juddcramer and Oskar Shulz, we argue that the unprecedented increase in borrowing costs is crucial to explaining the low consumer sentiment of the last two years. 1/N
https://t.co/4CF4xVTlHv

[Judd Cramer @juddcramer]

@paulkrugman Even disaggregated, it still is mostly shelter.

[Judd Cramer @juddcramer]

@paulkrugman

[Judd Cramer @juddcramer]

@jasonfurman @BrettMatsumoto For all the months I could get the components, it has mostly been shelter. Especially recently. This month it was new vehicles.

[ReviewofFinance @ReviewofFinance]

The Lead Article of the Review of Finance is on a highly topical issue: "The Coming Rise in Residential Inflation" by @MA_Bolhuis, @juddcramer and @LHSummers. Open access at https://t.co/Me8gchY0CL.

[Lawrence H. Summers @LHSummers]

June CPI inflation hit 9.1% yoy.  Housing has now become a key driver inflation in the US - as predicted in February by my @nberpubs paper w/@juddcramer and @MA_Bolhuis.  (1/5)
https://t.co/NgFyPG1cEk

[谷口誠(NIKKEI) MakotoTaniguchi @MktTaniguchi]

国際部門担当でもある秦アンディ英之GMは「強化、教育、地域を連動する形で世界を代表する教育機会と連携できないかとやってきた」と説明。ハーバードのジャド・クレイマー教授は「チームづくりを手伝えたら私の学生にもすごくいいこと。三遠は将来、優勝できるチームになる」と日��語で話しました。

[Jonathan Levin @JonathanJLevin]

The Fed outsmarted itself last year by looking too deep into the numbers on inflation. This time, it's looking at the big picture https://t.co/bOJdmGWN4p via @opinion

[Jeanna Smialek @jeannasmialek]

@stuartathompson @LHSummers @fullstackecon Summers and crew applied today's approach (+ updated weights) to the old data. Here's their chart.

[Lawrence H. Summers @LHSummers]

New paper shows past & present CPI inflation are more similar than official data suggests. When correcting for change in how housing inflation is measured, we find a return to target core inflation will require @ same disinflation as achieved under Volcker
https://t.co/4rIi9sRS5o

[Tucker Boynton @Tucker_TnL]

Extremely proud and flattered to say I received a Hoopes Prize for my thesis. Thanks again to all involved––especially @PFF_Eric, without whom none of this would've been possible.

[Bloomberg Opinion @opinion]

The Fed and the housing market are on a high-speed collision course https://t.co/bjoqNULVd7

[Lawrence H. Summers @LHSummers]

In Feb, we forecasted residential services inflation would grow to @ 7% by 2023—our forecast was a month ahead of reality but seems well calibrated. This category makes up almost 40% of core CPI. Potential problem for those who want swift disinflation. https://t.co/NgFyPGiO2U 2/2

[Lawrence H. Summers @LHSummers]

Both CPI rent and OER inflation rates increased to 4.8% in April. Typical home prices and rents up 20.9% and 16.4% over same period according to @Zillow. My paper w/@juddcramer and @MA_Bolhuis shows that residential service inflation lag private numbers but should converge. 1/2

[Richard Baldwin @BaldwinRE]

“past increases ensure an uptick in recorded housing inflation in 2022. residential inflation will peak in late 2022, but it will remain elevated in 2023 and that this could make a substantial contribution to overall inflatio
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@LHSummers @voxeu
https://t.co/uvCnyEhyzH

[Lawrence H. Summers @LHSummers]

CPI rent and OER inflation rates increased to 4.4 and 4.5% in March. This is a bit below our forecasts published in February. Our model and new market-based data still suggest housing inflation will move close to seven percent in early 2023. @nberpubs https://t.co/NgFyPGiO2U