Jason Furman NARA

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Jason Furman NARA @CEAChair44

Not obvious the right answer would be 50/50, especially when ex ante you would expect more measure error from GDI https://t.co/lwhXNKL1BD — PolitiTweet.org

.@CEAChair I'm surprised we need a study to show that averaging two imperfect measures improves accuracy. Isn't that the rule of averages?

Posted Aug. 2, 2015

Jason Furman NARA @CEAChair44

That is also good to look at, some virtue to the simplicity/direct measurement aspect of GDO. https://t.co/lI88qi2uBI — PolitiTweet.org

Posted July 31, 2015

Jason Furman NARA @CEAChair44

I can unequivocally state that this is the single best story Vox has ever done on GDO. https://t.co/plQFdk0wZa — PolitiTweet.org

Posted July 31, 2015

Jason Furman NARA @CEAChair44

Actually GDP was greater than GDO for the most recent Q we have data for. GDO is more accurate, not generally higher https://t.co/vQnyHvLyj9 — PolitiTweet.org

Posted July 30, 2015

Jason Furman NARA @CEAChair44

GDP and GDO can differ a lot from quarter to quarter, especially in the initial data before all the revisions. https://t.co/mUvcUiL31h — PolitiTweet.org

@CEAChair Looking at Fig2 GDP&GDO differ only btw 2005-9 (eye inspecion only!) and GDO seems more volatile. What abt persistence?

Posted July 30, 2015

Jason Furman NARA @CEAChair44

It is remarkable that the simple 50-50 combo GDP & GDI is nearly optimal, but not as fun as your 80-20 rule for jobs https://t.co/3UzTHTEMHR — PolitiTweet.org

Why savvy economic analysts will track "Gross Domestic Output" rather than GDP. https://t.co/knJZUNYKLn @CEAChair http://t.co/IvnD6KMBpJ

Posted July 30, 2015

Jason Furman NARA @CEAChair44

Combining product & income data in GDO minimizes measurement error & increases accuracy. https://t.co/mNYDs31EUE http://t.co/fjRyCptEts — PolitiTweet.org

Posted July 30, 2015

Jason Furman NARA @CEAChair44

CEA calls GDP & GDI avg gross domestic output (GDO). GDO predicts GDP revisions years after initial data better than GDP or GDI alone. — PolitiTweet.org

Posted July 30, 2015

Jason Furman NARA @CEAChair44

Today, BEA began releasing avg of GDP & GDI – more accurate & fwd-looking econ measure. See CEA issue brief: https://t.co/mNYDs2K3w4 — PolitiTweet.org

Posted July 30, 2015

Jason Furman NARA @CEAChair44

Fair point, only the 850th time I have relearned that lesson. https://t.co/nLtwy1qLrv — PolitiTweet.org

10 tips on interpreting economic data very good. But one tip for @CEAChair: data ARE noisy! https://t.co/ruMqoMZzng

Posted July 30, 2015

Jason Furman NARA @CEAChair44

Real PDFP – more stable, persistent econ measure – rose 2.5 percent in Q2, faster than overall GDP http://t.co/SgfgZck2z6 — PolitiTweet.org

Posted July 30, 2015

Jason Furman NARA @CEAChair44

BEA annual revisions to GDP due to technical changes & new data; slight downward revision to ’12 & ’13, upward to ‘14 http://t.co/tavrBzNE4t — PolitiTweet.org

Posted July 30, 2015

Jason Furman NARA @CEAChair44

Real GDP rose 2.3% in Q2 2015 – led by personal consumption. Q1 2015 revised up to 0.6% from -0.2% http://t.co/4efUzK03mL — PolitiTweet.org

Posted July 30, 2015

Jason Furman NARA @CEAChair44

Five key points from advance estimate of Q2 GDP: https://t.co/jSh39wDsn1 — PolitiTweet.org

Posted July 30, 2015

Jason Furman NARA @CEAChair44

Thanks for all the questions, looking forward to future conversations. #WeThePeople — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

Thanks! Enjoyed the chance to explain how I look at data, the slides are here https://t.co/hboCb8wyPO #WeThePeople https://t.co/HIdXsguOR9 — PolitiTweet.org

@CEAChair saw you explanation of interrupting economic data on CSPAN. good job

Posted July 28, 2015

Jason Furman NARA @CEAChair44

Highest-income can afford to pay more. Most ppl are in 15% bracket & xtra brackets not more complicated #WeThePeople https://t.co/zJyqQS24lR — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

Need skills so people benefit from technology instead of competing with it. Need system to be fair. #WeThePeople https://t.co/B32uXT7TbG — PolitiTweet.org

.@CEAChair What economic policies make sense in responding to increasing automation & resulting disruption to jobs? http://t.co/Xv4lU7i…

Posted July 28, 2015

Jason Furman NARA @CEAChair44

POTUS supports reform based on middle class economics--childcare tax credit supports work/middle-class #WeThePeople https://t.co/O4DHwZ8MzP — PolitiTweet.org

@vj44 what do you believe this nation must do in respects to Tax Reform, in order to provide every American with a fair shot #WeThePeople

Posted July 28, 2015

Jason Furman NARA @CEAChair44

Thanks for being so engaged on this issue, we were excited to get more analysis out to advance the issue. https://t.co/xYkhD4Mmuq — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

All variables have volatility, but trend in confidence is much higher than earlier in the recovery. #WeThePeople https://t.co/7BbUVVnJI8 — PolitiTweet.org

@CEAChair Why is @CNN showing a poll that people are not happy with Economy and 2 months ago they were? #WeThePeople.

Posted July 28, 2015

Jason Furman NARA @CEAChair44

Goal is not to pick specific industries but ensure innovation/investment in manuf, services and ag #WeThePeople https://t.co/04lyQA8Ubo — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

We support expanded R&E credit, directly encourages investments in new innovation, best bang-for-buck. #WeThePeople https://t.co/ZOHx13U5GU — PolitiTweet.org

@CEAChair Can the administration support an "innovation box" as part of international tax reform? #WeThePeople

Posted July 28, 2015

Jason Furman NARA @CEAChair44

We've cut deficit as % of econ by more than 2/3rds since coming into office, goal is declining debt/GDP over time https://t.co/aEpt16lQAB — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

I'm here to answer any questions on taxes, the economy, or anything else as long as it's the economy. Keep them coming with #WeThePeople — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

More than one quarter of U.S. workers require a State license to do their jobs, a five-fold increase since the 1950s https://t.co/aCvWklDRze — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

New report on rise in occupational licensing, impact on workers & economy, & best practices for smart licensing laws https://t.co/aCvWklVsqM — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

The White House just responded to every outstanding @WeThePeople petition. I'll be here at 2 pm to answer your Qs! Ask with #WeThePeople — PolitiTweet.org

Posted July 28, 2015

Jason Furman NARA @CEAChair44

@CEABetsey is relentless in working to understand economy & impact of policy for families - from paid leave to min wage to gender wage gap. — PolitiTweet.org

Posted July 23, 2015

Jason Furman NARA @CEAChair44

Sandy Black is an outstanding researcher & expert on labor market, social mobility, & education - some of the most important economic issues — PolitiTweet.org

Posted July 23, 2015