Paul Krugman

@paulkrugman ↗

Deleted No

Hibernated No

Last Checked Jan. 29, 2023

Created

Sat Dec 10 17:21:42 +0000 2022

Likes

186

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Paul Krugman @paulkrugman

What a model along these lines would predict is a jump in overall prices, with very high but temporary inflation in some sectors. Also a lot of churn as labor reallocated to expanding sectors 9/ — PolitiTweet.org

Posted Dec. 10, 2022

Preceded By

Paul Krugman @paulkrugman

Guerrieri et al basically assume a big shift in the composition of demand, plus sluggish reallocation and downward wage and maybe price rigidity. They worried a lot about optimal policy, but just focus on description 8/ — PolitiTweet.org

Posted Dec. 10, 2022

Followed By

Paul Krugman @paulkrugman

That's pretty much what has happened — after they wrote this, so it counts as a successful prediction. And it suggests that the worsened unemployment-inflation tradeoff won't persist 10/ — PolitiTweet.org

Posted Dec. 10, 2022