Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 30, 2022

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Wed Oct 12 12:21:26 +0000 2022

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Paul Krugman @paulkrugman

Finally, rent. Excellent new paper from the BLS shows that the CPI rent index lags a full year behind rents paid by new tenants, which means that core inflation likely to stay high bc of big rent rises in the past 8/ https://t.co/u44F0shqnH — PolitiTweet.org

Posted Oct. 12, 2022

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Paul Krugman @paulkrugman

These days all available evidence says that inflation expectations are still anchored, which means that analogies with the Volcker disinflation are all wrong, talk about "sacrifice ratios" etc misplaced. Unless the hardliners have a different model? If so, what is it? 7/ — PolitiTweet.org

Posted Oct. 12, 2022

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Paul Krugman @paulkrugman

But that isn't a reason for tight monetary policy! If new-tenant rents are leveling off, which seems to be happening, this says that conventional measures of core inflation are about the past, not a good indicator of whether the economy is overheated now. 10/ — PolitiTweet.org

Posted Oct. 12, 2022