Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 20, 2022

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Sat Jan 22 13:24:24 +0000 2022

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Paul Krugman @paulkrugman

Calculated as 0.2*(first year) + 0.8*(next four) = 5 year. I know that's not exactly right bc of compounding, but close enough 5/ — PolitiTweet.org

Posted Jan. 22, 2022

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Paul Krugman @paulkrugman

This actually implies that consumers expect inflation to be, um, transitory. Backing out the implied inflation rate after the first year 4/ https://t.co/8IWBZtRylF — PolitiTweet.org

Posted Jan. 22, 2022

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Paul Krugman @paulkrugman

Why does this matter? Not because consumers have any special insight or a good track record, but because we want to know if expectations of persistent inflation are getting entrenched. The answer so far is a clear no 6/ — PolitiTweet.org

Posted Jan. 22, 2022