Paul Krugman

@paulkrugman ↗

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Last Checked May 3, 2022

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Wed Mar 16 18:18:59 +0000 2022

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Paul Krugman @paulkrugman

The key point right now is that inflation expectations are very front-loaded — that is, both markets and consumers expect high inflation for the next 1-2 years, but much lower inflation after that. And real interest rates are low mainly bc of short-run inf expectations 2/ — PolitiTweet.org

Posted March 16, 2022

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Paul Krugman @paulkrugman

Jason is right to talk about real interest rates, but I think we need to be especially cautious in interpreting them right now. Longish, wonkish thread, with obvious bearing on policy debates, but for now I want to stress the analytical issues 1/ https://t.co/n7eLDwWUCn — PolitiTweet.org

The real ten year Treasury is still very, very low--just as low as it was when Powell pivoted. This rate matters a… https://t.co/QQH8CI1er7

Posted March 16, 2022

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Paul Krugman @paulkrugman

Conveniently, we have index securities maturing in April 2023 and April 2024, so we can observe more or less 1 and 2 year real rates as well as the usual 5 and 10. Looks like this 3/ https://t.co/h24asxy3nf — PolitiTweet.org

Posted March 16, 2022