Jessica Wagner JMP: "The Effects of Student Exposure to Proactive Policing: Evidence from Los Angeles Gang Injunctions" Website: sites.google.com/view/jessicawa…

One of many reasons why I think prevailing views on inflation remain too optimistic is the likely path of residential inflation as laid out in this new NBER paper. Housing will be a substantial source of inflation ACCELERATION in 2022. nber.org/papers/w29795

“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 • Lawrence H. Summers VoxEU voxeu.org/article/reside…

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. NBER nber.org/papers/w29795

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.

The Fed and the housing market are on a high-speed collision course trib.al/rXtuvmN

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/Judd Cramer and Marijn A. Bolhuis shows that residential service inflation lag private numbers but should converge. 1/2

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. nber.org/papers/w29795 2/2

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 nber.org/papers/w30116#…

Stuart A. Thompson Lawrence H. Summers Full Stack Economics Summers and crew applied today's approach (+ updated weights) to the old data. Here's their chart.

The Fed outsmarted itself last year by looking too deep into the numbers on inflation. This time, it's looking at the big picture bloomberg.com/opinion/articl… via Bloomberg Opinion

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」と日本語で話しました。

June CPI inflation hit 9.1% yoy.  Housing has now become a key driver inflation in the US - as predicted in February by my NBER paper w/Judd Cramer and Marijn A. Bolhuis.  (1/5) nber.org/papers/w29795

The Lead Article of the Review of Finance is on a highly topical issue: "The Coming Rise in Residential Inflation" by Marijn A. Bolhuis, Judd Cramer and Lawrence H. Summers. Open access at academic.oup.com/rof/article/26….

In new NBER paper with Marijn A. Bolhuis, Judd Cramer 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 nber.org/papers/w32163

The new Summers paper folks have been talking about:

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 Judd Cramer.