Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2021

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Fri Jun 04 13:01:53 +0000 2021

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Paul Krugman @paulkrugman

Mainly, I think, they tell us that we don't know much about how fast an economy can recover from a pandemic-induced slump. There were good reasons to expect a V-shaped recovery — and that is what we're seeing. But ... 2/ — PolitiTweet.org

Posted June 4, 2021

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Paul Krugman @paulkrugman

I guess I'm supposed to have some smart take on the jobs numbers, which were very good by ordinary standards but aren't giving the million-a-month some were expecting. What do they tell us? 1/ — PolitiTweet.org

Posted June 4, 2021

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Paul Krugman @paulkrugman

I don't know what model (either in the sense of a set of equations or an applicable historical example) would tell us whether 0.5 m, 1 m, or 1.5 m makes sense as a pandemic lifts. Lots of extrapolation from noisy data; not a good idea 3/ — PolitiTweet.org

Posted June 4, 2021