Krugman wisely decided to avoid this bet, which suggests he’s smarter than he appears when he is at his most political. In any case, the actual 5 year RGDP growth just came in at slightly under 6.3%. That’s not even close. Mankiw won by a landslide.Krugman's position was that the Obama Administration, in 2009, was correct to predict that RGDP growth would be about 15.6% over the next five years. Mankiw was having some fun needling Krugman to put up some of his Nobel Prize money to where his NY Times column was.
Don't ask for whom the Nobel tolls, Paul. It's for thee.