Paul Krugman

@paulkrugman ↗

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Last Checked July 8, 2022

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Tue May 31 12:22:23 +0000 2022

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Paul Krugman @paulkrugman

Did coffee write this? Anyway, sounds as if I’m in good shape https://t.co/LKigEvHLcS — PolitiTweet.org

Posted May 31, 2022

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Paul Krugman @paulkrugman

So actually the European story looks much more similar to the US than I thought. In both cases no reason to panic: no sign of inflation getting embedded, so what's needed is cooling-off, not a punishing recession. But it's really more or less the same story. 4/ — PolitiTweet.org

Posted May 30, 2022

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Paul Krugman @paulkrugman

Maybe — but not sure we understand Euro wage numbers that well. Notable that core inflation in euro area, as conventionally defined, was 3.8% over the past year, which would normally suggest some overheating. Not a criticism; just a statement of uncertainty. 1/ — PolitiTweet.org

The biggest contrast between the US and the Euro area is nominal wage growth. Using OECD numbers through Q4 (which… https://t.co/0NmbxMCNkx

Posted May 31, 2022