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Economic consequences of the Ukraine invasion
News, Jason Furman, Published on 12/03/2022
» Russia's invasion of Ukraine has been rapid and dramatic, but the economic consequences will be much slower to materialise and less spectacular. The war itself is enormously tragic, first and foremost for the Ukrainian people, but also for the Russian people and the global order more generally. When something like this happens, we expect it to be like a morality play in which all the bad consequences play out equally dramatically in every dimension, including the economy. But the economy does not work that way.
Time to lay inequality debate to rest
News, Jason Furman, Published on 22/01/2018
» The belief that inequality hurts economic growth is gaining currency among policymakers. Some argue forcefully that high levels of inequality can make sustained growth impossible, and may even contribute to recessions. This view stands in stark contrast to the traditional view that there is a trade-off between equality and growth, and that greater inequality is a price that must be paid for higher output.