Tweet by @paulkrugman

Paul Krugman @paulkrugman

Wonkish, self-indulgent, and self-aggrandizing: I've been reading this paper by Guerrieri et al more closely (a) to make sure I understand how it works (b) to see if there's a way to do it simply. I think I've succeeded in (a) 1/ https://t.co/gbtEAQiVnU — PolitiTweet.org

Can the negative supply shock from this pandemic lead to a demand deficient recession? Yes. Together with the bril… https://t.co/xcvJcuHIfp

Posted April 7, 2020 Hibernated

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Paul Krugman @paulkrugman

This would be 5 times the slump relative to potential output in the Great Recession — happening in just a few weeks. — PolitiTweet.org

29% of the U.S. economy has suddenly gone idle amid the coronavirus pandemic: "an unprecedented shutdown of commerc… https://t.co/xhTxAq1Zwa

Posted April 7, 2020 Hibernated

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Paul Krugman @paulkrugman

The key point is that locking down part of the economy *could* be expansionary/inflationary for the rest, bc people might switch demand over — u can't go to sports events, so you buy more booze. 2/ — PolitiTweet.org

Posted April 7, 2020 Hibernated