Paul Krugman

@paulkrugman ↗

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Last Checked Dec. 8, 2022

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Thu Oct 27 13:51:44 +0000 2022

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Paul Krugman @paulkrugman

The traditional number has been eight quarters — yes, two years, because changing suppliers takes a lot of time. Here's the historical relationship between net exports and an 8-quarter lagged real exchange rate 2/ https://t.co/YEcveTQ8PZ — PolitiTweet.org

Posted Oct. 27, 2022

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Paul Krugman @paulkrugman

All of the rise in GDP, and then some, was accounted for by a smaller real trade deficit — which seems odd given a sharply rising US dollar, which makes US producers less competitive on world markets. But there are long lags in the effects of exchange rates on trade 1/ — PolitiTweet.org

Posted Oct. 27, 2022

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Paul Krugman @paulkrugman

We should also consider the effects of recessions abroad, especially in Europe. Trade likely to be a significant drag going forward 3/ — PolitiTweet.org

Posted Oct. 27, 2022