Macro Musings with David Beckworth cover image

Peter Ganong on the Dynamism and Resiliency of the US Economy

Macro Musings with David Beckworth

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What Are the Costs of Underinvestment in the Labor Market?

The paycheck protection program is an example of the costs of all underinvestment in labor market infrastructure. And so the whole US response is shaped by underinvestments in public institutions relating to the labor market. We're probably going to talk a little bit about the ARP, the American Rescue Plan and inflation.

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