Paul Krugman

@paulkrugman ↗

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Last Checked July 3, 2020

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Mon May 06 16:06:48 +0000 2019

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Paul Krugman @paulkrugman

For wonks, I've assumed a multiplier of 1.3, consistent with Blanchard-Leigh, and an Okun coefficient of 2. 3/ — PolitiTweet.org

Posted May 6, 2019 Hibernated

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Paul Krugman @paulkrugman

So I did a counterfactual: what would have happened to the economy under Obama if Republicans had allowed Trump levels of stimulus? Here's the result 2/ https://t.co/mpcZrL0WXX — PolitiTweet.org

Posted May 6, 2019 Hibernated

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Paul Krugman @paulkrugman

What this chart suggests is that GOP-enforced austerity had a huge impact in retarding the recovery. If they'd been willing to tolerate the kind of deficits they're happy with now, the Obama years would have looked much better 4/ — PolitiTweet.org

Posted May 6, 2019 Hibernated