Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 24, 2022

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Sat Oct 08 15:02:09 +0000 2022

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Paul Krugman @paulkrugman

Does u need to go well above u*, Volcker style? Some people still saying that, still talking about "sacrifice ratios", but I don't get it. The Volcker slump was an effort to squeeze out high inflation expectations. But expected inflation isn't high now 6/ https://t.co/nN9Kdeo5Mj — PolitiTweet.org

Posted Oct. 8, 2022

Preceded By

Paul Krugman @paulkrugman

Pre pandemic, u* seemed to be around 3.5, which is where we are now. However, high vacancies and high core inflation seemed to suggest a big rise. However however, vacancies coming down rapidly and wage growth not that high. 5/ https://t.co/cKIA55rDNB — PolitiTweet.org

Posted Oct. 8, 2022

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Paul Krugman @paulkrugman

Longer perspective, to show how different things are this time 7/ https://t.co/pyOsWQCLsE — PolitiTweet.org

Posted Oct. 8, 2022