Peter Ganong on the Dynamism and Resiliency of the US Economy
Macro Musings with David Beckworth
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Unemployed Households Are More Willing to Spend
David Frum: Unemployed households are more willing to spend money regardless of their circumstances. He says the key lesson is that even holding constant characteristics, unemployed households still have a higher marginal propensity to consume. Frum: It's important to have targeted relief sent it to the right households that can use it.
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