Peter Ganong on the Dynamism and Resiliency of the US Economy
Macro Musings with David Beckworth
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What Is a Liquidity Challenge for a Household?
Can you define liquidity problems? What is a liquidity challenge for a household? If we have a little bit of flexibility in your mortgage payments today, it would become possible for you to make some catch up payments down the road. And I don't know if we'll get to this later in the podcast, but this has very, very clear lessons which have played out in the context of the recent economic crisis from the COVID-19 pandemic.
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