Macro Musings with David Beckworth cover image

60 – Matt Klein on Greece, Optimal Currency Areas, and Safe Assets

Macro Musings with David Beckworth

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The Importance of Labor Mobility in the US Economy

If you're going to have a shared currency union, you want your business cycles aligned. You can still be an optimal currency area even if that's not the case. There is some worry that we are moving farther away from the US being optimal currency area.

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