Post by Frances Coppola: Really interesting thread. Tldr: the Phillips curve is the wrong model for the present situation. I f...

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Frances Coppola @Frances_Coppola · Dec 10, 2022

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Really interesting thread. Tldr: the Phillips curve is the wrong model for the present situation. I feel I must point out that many people said the Phillips curve was the wrong model for the post-gfc but pre-pandemic economy, too.

Tweet Dec 10, 2022

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/

by Paul Krugman

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