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Open Letter to Economic Advisers to the Government: Convey the economics and not the politics

Summary:
Jason Furman, former Chair of the Council of Economic Advisers to US President writes an open letter to the current chair: Cecilia Rouse. However the letter applies to all such economic advisory positions across the world: Dear Council of Economic Advisers Chair, Congratulations! You now have a prestigious job, a wonderful title, and a beautiful office. What you do not have is any statutory powers or responsibilities (okay, you have one responsibility: issuing the annual Economic Report of the President). No one needs to check anything with you or listen to you, let alone do what you say. You do have one power: the opportunity to persuade. If people think you have some useful insights or inputs, might be right in what you say, and are generally a helpful member of the team, then you

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Jason Furman, former Chair of the Council of Economic Advisers to US President writes an open letter to the current chair: Cecilia Rouse. However the letter applies to all such economic advisory positions across the world:

Dear Council of Economic Advisers Chair,

Congratulations! You now have a prestigious job, a wonderful title, and a beautiful office. What you do not have is any statutory powers or responsibilities (okay, you have one responsibility: issuing the annual Economic Report of the President). No one needs to check anything with you or listen to you, let alone do what you say.

You do have one power: the opportunity to persuade. If people think you have some useful insights or inputs, might be right in what you say, and are generally a helpful member of the team, then you just might be able to shape some of the most important decisions the President will make and help to make positive policy happen. But nothing about this power is automatic or happens by virtue of the nice office you now have. It depends on how you use it. These five tips might help:

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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