Perspectives on the Pandemic Webinar Series - Raj Chetty
Speaker:
Raj Chetty, William A. Ackman Professor of Economics, Harvard University
Moderators:
Michael Luca, Lee J. Styslinger III Associate Professor of Business Administration, Harvard Business School
Susan Lund, Partner, McKinsey & Company and McKinsey Global Institute
Currently, the economic data and financial trends on which public officials rely to gauge the state of the economy comes with a lag of about a month. The core of those figures — which consists of normal operating data such as business activity, employment, income, and consumer spending — is held by companies in the private sector and is initially restricted to internal use. By the time it is compiled, analyzed, and delivered to the lawmakers, it is generally weeks old.
Join this webinar with Raj Chetty, William A. Ackman Professor of Economics, Harvard University, and Director, Opportunity Insights, a Harvard-based institute of social scientists and policy analysts that harnesses big data for policy solutions, as he presents the recently-launched Opportunity Insights Economic Tracker, an interactive tool using real-time data to measure the depth of the economic downturn and give evidence of any recovery. The tool was created as a public resource to help policymakers assess the effects of the downturn in different regions of the U.S. with the most up-to-date information possible. With a more complete and current picture of the nation’s economic standing, policymakers should then be able to make evidence-based decisions as they move to reopen the nation.
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