Paul Krugman

@paulkrugman ↗

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Last Checked March 12, 2023

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Wed Jan 25 11:41:36 +0000 2023

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Paul Krugman @paulkrugman

First off, I basically agree with Eeckhout's conclusion: underlying inflation has fallen fast, although not quite ready to say that it's 2 percent. Also agree with the general point about the need to smooth but not too much: monthly is too noisy, annual too far behind reality 2/ — PolitiTweet.org

Posted Jan. 25, 2023

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Paul Krugman @paulkrugman

I've been a bit behind on commenting on this widely cited recent analysis, but thought I might still have something to contribute. Warning: very wonkish, not for normal humans 1/ — PolitiTweet.org

I don’t think people fully appreciate that high inflation in the US and the Euro area is over. We are back at 2% P… https://t.co/KNm1CjlOva

Posted Jan. 25, 2023

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Paul Krugman @paulkrugman

In fact, most practical analysts are using a variety of methods to try and extract the inflation signal from the noise, typically looking at 3-month changes in an index that excludes volatile stuff like energy and stuff with known long lags, mainly shelter 3/ — PolitiTweet.org

Posted Jan. 25, 2023