Paul Krugman

@paulkrugman ↗

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Last Checked July 9, 2022

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Thu Jun 02 13:00:57 +0000 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

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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

Indeed. Sanctions are constraining Russian imports, to great effect; export curbs largely irrelevant — PolitiTweet.org

New at THE OVERSHOOT: On the Russian Oil Sanctions https://t.co/A4tJwwctTN <-- The new oil sanctions will add to… https://t.co/j3Gx3Z…

Posted June 2, 2022