Should add just looking at this chart which shows inflation measured using the older method and it is pretty clear that not having lots of spurious volatility in the inflation data has been an improvement. Not to mention the a prior conceptual arguments for the shift.
Just recorded all my lectures for Quantitative Social Science Methods, I -- the first course in the Harvard Government Dept graduate methods sequence -- and am making them available publicly here: https://t.co/oQfRetbRZr I hope you find them useful for your course, or yourself
The recession is essentially over for high income workers, but low-wage workers have recovered only half of the jobs lost in April.
Thats the lesson from the new employment series we've just posted on the @OppInsights Economic Tracker
https://t.co/7Wkd2Uno5C
I am shocked, sad and angry about Emmanuel Farhi’s tragic passing.
He was an influential figure in my life.
I audited his 1st year macro class as a junior in college. Lectures were at 8:30am on Mondays and Wednesdays. Anyone who knows me knows that I didn’t enjoy waking up 1/n
It was my last day of work as a pre-doc. I caught myself thinking about how I ended up where I am today… a path that Farhi unintentionally led me to without either of us being aware at the time…
Farhi showed me the joys of being immersed in thought and the importance of... 8/n