Jason Furman on Productivity, Competition, and Growth
Conversations with Tyler
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Navigating Economic Shocks and Policy Responses
This chapter explores the ramifications of the 'China shock' on labor markets, contrasting the experiences of workers facing significant losses against those gaining from trade. It highlights the sluggish recovery post-2008 financial crisis, discussing labor market rigidity and the need for improved fluidity through policy reforms. The conversation also extends to immigration policies and government borrowing strategies, examining their implications on the U.S. economy amid long-term trends in interest rates and the economic fallout from Brexit.
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