Paul Krugman

@paulkrugman ↗

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Last Checked April 24, 2022

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Sun Mar 13 14:52:08 +0000 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

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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

The price of oil in 2022 dollars. The 70s spikes were followed by big recessions. But the 2010-11 spike wasn't, nor were the 85 collapse and 2015 collapses followed by booms 2/ https://t.co/7LNlBxVThG — PolitiTweet.org

Posted March 13, 2022