Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 2, 2020

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Mon Sep 16 13:21:49 +0000 2019

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Paul Krugman @paulkrugman

This number doesn't come out of thin air; it's what you get if you look at the average effects of austerity programs pre-Great Recession. But it's a multiplier that reflects the usual tendency of monetary policy to move in the opposite direction of fiscal policy 2/ — PolitiTweet.org

Posted Sept. 16, 2019 Hibernated

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Paul Krugman @paulkrugman

Fair enough. I'd say that China's stimulus is much less dysfunctional than the Trump tax cut, but it may be insufficient. I'm less convinced by the IMF estimate, which looks like the Fund's standard multiplier of 0.5 1/ — PolitiTweet.org

a) it is always a little dangerous to disagree with Dr. Krugman ... b) I think he may be giving China a bit too mu… https://t.co/IPNN5GkveZ

Posted Sept. 16, 2019 Hibernated

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Paul Krugman @paulkrugman

That's not what's happening in China, where money is being eased at the same time as stimulus. But I wouldn't stake my reputation on either optimism or pessimism here; the main point may be that China is consciously trying to offset the trade war, while the US basically isn't 3/ — PolitiTweet.org

Posted Sept. 16, 2019 Hibernated