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Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 23, 2022

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Thu Oct 06 11:40:54 +0000 2022

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Paul Krugman @paulkrugman

And spillovers to the rest of the economy from falling construction will take even longer 8/ — PolitiTweet.org

Posted Oct. 6, 2022

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Paul Krugman @paulkrugman

Permits are already down a lot, with more probably coming. But the road from permits => housing starts => max construction employment takes a long time, so construction employment hasn't fallen yet. 7/ — PolitiTweet.org

Posted Oct. 6, 2022

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Paul Krugman @paulkrugman

The other major channel for monetary policy these days is the dollar: a strong dollar eventually reduces exports and increases imports. But here I'm on my home turf: we've always known that these adjustments take multiple quarters 9/ — PolitiTweet.org

Posted Oct. 6, 2022