Macro Musings 72: Adam Millsap on Regional Business Cycles, State Fiscal Health, and Labor Mobility

Adam Millsap is an assistant director at the L. Charles Hilton Center at Florida State University and a senior affiliated scholar at the Mercatus Center. Today, he joins the show to discuss how different regional economies can lead to business cycles at the regional and state levels, rather than the federal level. This creates difficulty for monetary policy at the federal level as looser monetary policy may be appropriate for states like West Virginia, but may not be appropriate for states like California. He and David also discuss the decline of inter-state labor mobility and how bad regulation deters people from moving to areas with better job prospects.

People: 
David Beckworth
Adam Millsap
Calendar Date: 
Aug 28, 2017
Podcast Series: 
Macro Musings [1]
Tags: 
Urban Economics [2]
Economic Mobility [3]
Podcast Types: 
Mercatus Original Podcast [4]
Newsletter: 
This Week at Mercatus [5]
Publish to Announcements page?: 
Related Content: 
Macro Musings 70: Greg Mankiw on Macroeconomists as Scientists and Engineers
Featured Tag: 
Monetary Policy [6]
Soundcloud URL: 

Source URL:https://www.mercatus.org/%5Bnode%3A%5D/podcasts/08282017/macro-musings-72-adam-millsap-regional-business-cycles-state-fiscal-health

Links
[1] https://www.mercatus.org/podcasts/series/macro-musings [2] https://www.mercatus.org/tags/urban-economics [3] https://www.mercatus.org/tags/economic-mobility [4] https://www.mercatus.org/podcasts/types/mercatus-original-podcast [5] https://www.mercatus.org/newsletters/week-mercatus [6] https://www.mercatus.org/tags/monetary-policy

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