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Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 1, 2022

Created

Sun Dec 19 15:13:29 +0000 2021

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199

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33

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Paul Krugman @paulkrugman

Try to publish anything in which monetary policy — let alone fiscal policy — did what it clearly did in the real world, and you would be blockaded from the journals and frozen out of appointment committees. You had to keep yr views private and build your reputation elsewhere 2/ — PolitiTweet.org

Posted Dec. 19, 2021

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Paul Krugman @paulkrugman

Absolutely. As someone who began my academic career in the late 70s, as equilibrium macro was tightening its grip, we all knew that fundamental business cycle issues were a minefield nobody with a reality sense would enter 1/ — PolitiTweet.org

Claudia Sahm @Claudia_Sahm

PS there is a weird tension (often tinged with disrespect) between academic macro and Fed macro. I saw it right awa… https://t.co/YtAWukucF5

Posted Dec. 19, 2021

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Paul Krugman @paulkrugman

International macro was a bit better because Rudi Dornbusch's work kept sticky-price macro respectable. But even so you had to frame your work as being abt exchange rates or financial crises and hope people didn't notice the Keynesian core 3/ https://t.co/bJ9wxSsv7k — PolitiTweet.org

Posted Dec. 19, 2021

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