Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked March 19, 2021

Created

Fri Feb 19 20:43:22 +0000 2021

Likes

120

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

Goldman puts the "output gap" (slightly problematic concept in a pandemic, but OK for this purpose) at ~6% in late 2020. They also predict 7% growth over the course of this year, with the Biden package. 3/ — PolitiTweet.org

Posted Feb. 19, 2021

Preceded By

Paul Krugman @paulkrugman

First, where are we now (or rather where were we at the end of 2020)? We were about 4.5% below where we would have been if normal growth had continued from 2019 Q4. But I'm in the camp that says that even in late 2019 we were somewhat below capacity 2/ — PolitiTweet.org

Posted Feb. 19, 2021

Followed By

Paul Krugman @paulkrugman

That may sound like mild overheating, but you need to subtract ~2% for normal growth, giving 5% of gap closing. So the GS estimate puts us close to but not over capacity by end year 4/ — PolitiTweet.org

Posted Feb. 19, 2021