Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 8, 2022

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Sat Sep 03 13:51:30 +0000 2022

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Paul Krugman @paulkrugman

If those measures are right, getting inflation under control requires getting u up to u*, so f(u) is zero — so some pain — but that's the end of the story. No need for a period of above-normal unemployment 9/ — PolitiTweet.org

Posted Sept. 3, 2022

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Paul Krugman @paulkrugman

But is this calculation relevant? Both market prices and surveys suggest that medium-term inflation expectations have remained "anchored" despite recent inflation 8/ https://t.co/Ilf2gNL7DB — PolitiTweet.org

Posted Sept. 3, 2022

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Paul Krugman @paulkrugman

This could, of course, be wrong, and God knows we've learned to be wary of optimistic forecasts. But what seems odd to me is that the pessimists don't even seem to engage with this issue. They're just telling 80s-style stories and ignoring the direct evidence on expectations 10/ — PolitiTweet.org

Posted Sept. 3, 2022