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 Challenges of Asynchronous Business Cycles in the US

If you look at past recessions in the US, asynchronous business cycles in the rest is a pretty common thing. The United States is not an optimal currency. It works because people can move without mind moving when they sort of enough to relate to consent. And so the question is how do you set them on? How do you set policies appropriate for that as far?

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