Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked March 12, 2023

Created

Wed Jan 25 11:45:55 +0000 2023

Likes

119

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

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

Preceded By

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

Followed By

Paul Krugman @paulkrugman

What does Eeckhout's procedure add? It doesn't throw out data before past 3 months. Maybe more important, "artisanal" inflation measures can tempt analysts into choosing measures that tell them what they want to hear. So there's something to be said for a hands-free filter 4/ — PolitiTweet.org

Posted Jan. 25, 2023