Paul Krugman

@paulkrugman ↗

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Last Checked May 15, 2022

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Thu Mar 17 18:02:12 +0000 2022

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Paul Krugman @paulkrugman

So expected inflation is somewhat elevated over the medium to long term, but mostly that appears to reflect higher inflation over the next year or 2 — that is, expected inflation is front-loaded in a way it wasn't back then. This matters for both supply and demand 5/ — PolitiTweet.org

Posted March 17, 2022

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Paul Krugman @paulkrugman

We don't have TIPS yields from back then, but current breakevens (using 4/15/2023 bond for 1-year) tell basically the same story 4/ https://t.co/nkihwA2Kkc — PolitiTweet.org

Posted March 17, 2022

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Paul Krugman @paulkrugman

On the supply side, inflation probably isn't baked into wage- and price-setting yet, so that we probably don't need a large bulge of excess employment to bring inflation down 6/ — PolitiTweet.org

Posted March 17, 2022