Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2022

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Thu Jun 02 12:57:12 +0000 2022

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Paul Krugman @paulkrugman

Was just on a panel in Berlin discussing monetary policy. When comparing Fed and ECB, important to note that de facto tightening, as measured by the rise in long-term rates, has been about the same! 1/ — PolitiTweet.org

Posted June 2, 2022

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Paul Krugman @paulkrugman

US gas prices on same dates were $2.22 and $4.59 respectively, a $2.39 rise. Given noisy data, basically identical 2/ https://t.co/C4SeYwUl2y — PolitiTweet.org

Posted June 2, 2022

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Paul Krugman @paulkrugman

Since mid-December, US 10-years ~1.45=>2.9. German 10-years ~-.35=>1.2. So around 150 basis points in both. ECB has been slower to raise policy rates, but markets apparently expect similar overall tightening in the end 2/ — PolitiTweet.org

Posted June 2, 2022