Peter Ganong on the Dynamism and Resiliency of the US Economy
Macro Musings with David Beckworth
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Why Has Regional Income Convergence Declined in the US?
Peter Navarrette: Peter, I was delighted to hear you talk about price theory. You're back at the University of Chicago doing research using price theory. And it has to do with housing is part of the story. But what goes through the basic facts that motivate this story about income convergence? What's changed about it? He says people are moving on net from low income places to high income places. It's not causal, but they could be related.
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