Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 28, 2023

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Sat Dec 10 17:18:33 +0000 2022

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Paul Krugman @paulkrugman

Most policy-oriented macro ppl entered the pandemic using what we might call a core inflation Phillips curve — inflation depending on slack, but with volatile stuff carved out. And we're still trying to fit events into that framework 2/ — PolitiTweet.org

Posted Dec. 10, 2022

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Paul Krugman @paulkrugman

A very wonkish and probably too long thread on inflation. Not predictions, but to talk about my sense that we (myself included) have been working with the wrong model given the current situation 1/ — PolitiTweet.org

Posted Dec. 10, 2022

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Paul Krugman @paulkrugman

But it feels more and more like Ptolemaic astronomy, relying on a growing number of epicycles to deal with the anomalies. Two examples of what I mean: 3/ — PolitiTweet.org

Posted Dec. 10, 2022