Paul Krugman

@paulkrugman ↗

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Last Checked July 8, 2022

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Mon May 30 06:07:30 +0000 2022

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Paul Krugman @paulkrugman

The narrative is that inflation in the US and the euro area are quite different. The US is overheated, with additional inflation from supply chain+Ukraine. Europe, the story goes, is all supply chain etc, bc it didn't have as much fiscal stimulus 2/ — PolitiTweet.org

Posted May 30, 2022

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Paul Krugman @paulkrugman

I'm off giving various talks in Europe, and doing some homework. It seems to me that there's a widespread (among wonks) narrative here that doesn't actually look right, as suggested by this chart from Eurostat 1/ https://t.co/9GLsxxPkb6 — PolitiTweet.org

Posted May 30, 2022

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Paul Krugman @paulkrugman

But European unemployment — which is structurally higher than US — is below pre pandemic. Core inflation was 1 percent in the last month. 3/ https://t.co/GVCYz8pO7O — PolitiTweet.org

Posted May 30, 2022