Paul Krugman

@paulkrugman ↗

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Last Checked April 24, 2022

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Sat Mar 12 17:30:22 +0000 2022

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Paul Krugman @paulkrugman

The Fed ignored the pressure to tighten, and was vindicated both by subsiding inflation and the absence of an oil-shock recession. Useful to remember now 2/ — PolitiTweet.org

Posted March 12, 2022

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Paul Krugman @paulkrugman

For reference: Gasoline prices in 2022 dollars. The Putin shock is remarkably similar in magnitude to the 2010-11 recovery shock, the one that had Paul Ryan lecturing Ben Bernanke about the evils of "debasing the currency" 1/ https://t.co/NL9M31Q4vt — PolitiTweet.org

Posted March 12, 2022

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Paul Krugman @paulkrugman

Thinking about the macroeconomics of the Putin shock. In the 70s oil price shocks were associated with severe recessions. But did they *cause* those recessions? A classic study including some people you may have heard of said no 1/ https://t.co/LGSpmzPMwd — PolitiTweet.org

Posted March 13, 2022