Paul Krugman

Paul Krugman @paulkrugman

This doesn't mean that inflation is never a concern. But it does mean that the stability of inflation over time does NOT mean that the economy was on average at full employment. Instead, there's now a good case that we've been persistently underemployed 13/ — PolitiTweet.org

Paul Krugman @paulkrugman

So there have been important changes in how economists talk about policy, some of which include rethinking of our models. But a lot of what has happened is simply that economists are following their existing models, instead of tweaking them to justify political prejudices 15/ — PolitiTweet.org