For the first time in 2 years, there’s no major American metro where home prices are falling, per Redfin.
Nationwide, the median sale price rose to a near-record $383,188, up 4.8% year over year. Median monthly housing payment is at a record $2,890, up 15% year over year.
63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000, according to figures compiled by The Wall Street Journal’s editorial board
Next was an engaging session on industrial policy for innovation at the Harvard Center for International Development with Chiara Criscuolo, Munseob Lee, Barry Naughton, and Ernesto Stein. The examination of Korea's industrial policy was particularly fascinating, especially Hitachi's critical role in making Samsung the behemoth it is today https://www.youtube.com/watch?v=OtvKfONe0bs (5/8) #economics
Next was a thought-provoking session on industrial policy for SMEs at the Harvard CID with Jie Bai, Michela Giorcelli, and Andrés Zahler. This is an often overlooked area of industrial policy, but as it's arguably the most important it was refreshing to hear it examined in detail https://www.youtube.com/watch?v=WLaQTC7k4tw (7/8) #economics