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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
The Simple Analytics of Monetary Impotence (Wonkish) - Paul Krugman Karl Whelan: Teaching Economics After the Crash - Brad DeLong How a 2% Inflation Target Became Global Economic Gospel - NYTimes 5 Reasons for the Slow Recovery in Long-Term Unemployment... Continue reading
Posted yesterday at Economist's View
78
Is the financial industry is winning the war over regulation?: Volcker lambasts Wall Street lobbying, FT: Paul Volcker, the former Federal Reserve chairman, has lambasted the "eternal lobbying" of Wall Street after regulators granted the industry more time to comply... Continue reading
Posted yesterday at Economist's View
35
Joshua Gans: Digitized Products: How about just giving up?: In a very interesting talk, music producer, Steve Albini, reviewed the impact of the internet on the music industry’s woes. ... From my part, I believe the very concept of exclusive... Continue reading
Posted yesterday at Economist's View
The Russian economy is in trouble: Putin’s Bubble Bursts, by Paul Krugman, Commentary, NY Times: If you’re the type who finds macho posturing impressive, Vladimir Putin is your kind of guy. Sure enough, many American conservatives seem to have an... Continue reading
Posted 2 days ago at Economist's View
163
Mean-Reversion in Growth Rates and Convergence - Growth Economics Understanding Piketty: Merit and rent in a growing economy - Vox EU Swiss National Bank to Adopt a Negative Interest Rate - NYTimes.com Considerable Time and Patience a Decade Ago -... Continue reading
Posted 2 days ago at Economist's View
29
Via Real Time Economics at the WSJ: No Sign Yet of Labor Cost Inflation in U.S. or U.K., by Paul Hannon: Despite falling unemployment rates, there are few signs that rising wages will soon start to push inflation higher in... Continue reading
Posted 2 days ago at Economist's View
33
Noah Smith: Maybe There's No Such Thing as a Business Cycle: ...The word “cycle” conjures up images of waves and seasons, but the business cycle isn’t a regular cycle like that (if it were, it would be easy to predict... Continue reading
Posted 2 days ago at Economist's View
21
Arnold Packer and Jeff Madrick respond to Alan Blinder in the NYRB, and he replies: ‘What’s the Matter with Economics?’: An Exchange: In response to: What’s the Matter with Economics? from the December 18, 2014 issue ... To the Editors:... Continue reading
Posted 2 days ago at Economist's View
25
Jeb's Bubble - Paul Krugman Why Did Consumption TFP Stagnate? - Growth Economics Blurred Lines! Monetary Policy and Fiscal Policy - Brad DeLong The sharing economy must share the risks - FT.com Two Contradictory Arguments on Dodd-Frank - Mike Konczal... Continue reading
Posted 2 days ago at Economist's View
166
Tim Duy: Quick FOMC Recap, by Tim Duy: Running short on time today.... Today's FOMC statement was a reminder that in normal times the Federal Reserve moves slowly and methodically. Policymakers were apparently concerned that removal of "considerable time" by... Continue reading
Posted 3 days ago at Economist's View
10
Some of you might find this interesting: “Minimal Model Explanations,” R.W. Batterman & C.C. Rice (2014), A Fine Theorem: I unfortunately was overseas and wasn’t able to attend the recent Stanford conference on Causality in the Social Sciences; a friend... Continue reading
Posted 3 days ago at Economist's View
Surprise! Or not (more concerned with this than whether the Fed changed a few words in its Press Release following the FOMC meeting): Wall Street Salivating Over Further Destruction of Financial Reform, by Kevin Drum: Conventional pundit wisdom suggests that... Continue reading
Posted 3 days ago at Economist's View
11
Neil Irwin: A Big Safety Net and Strong Job Market Can Co-Exist. Just Ask Scandinavia: It is a simple idea supported by both economic theory and most people’s intuition: If welfare benefits are generous and taxes high, fewer people will... Continue reading
Posted 3 days ago at Economist's View
20
A follow up to this: Higher capital requirements: The jury is in, by Stephen Cecchetti, Vox EU: Summary Regulators forced up capital requirements after the Global Crisis – triggering fears in the banking industry of dire effects. This column –... Continue reading
Posted 3 days ago at Economist's View
The economic value of an economics major - Environmental Economics The Limits of Purely Monetary Policies - Paul Krugman The Pareto distribution and r > g - Nick Bunker Snapshots of Islamic Banking - Tim Taylor The Growth Story of... Continue reading
Posted 3 days ago at Economist's View
121
Paul Krugman: The Ruble and the Textbooks: OK, this is a bit funny: This morning Tim Duy addresses the woes of the ruble, which is in free fall despite a big rate hike, and declares that it “appears really quite... Continue reading
Posted 4 days ago at Economist's View
62
I have a new column: How Fiscal Policy Failed During the Great Recession: Fiscal policy failed us during the Great Recession. We did get a fiscal stimulus package shortly after Obama took office, and it helped. But it wasn’t big... Continue reading
Posted 4 days ago at Economist's View
18
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Tim Duy: IP, Russia, by Tim Duy: The string of solid US economic news continued with industrial production advancing 1.3% in November. Year-over-year growth (5.2%) is now comparable to the late-90's: Meanwhile, the international fallout from the oil price drop... Continue reading
Posted 5 days ago at Economist's View
67
You’ve Got Potential - Growth Economics "Convergence" - Brad DeLong Putin on the Fritz - Paul Krugman Chunks of online education - Digitopoly Communicating the Uncertainty of CBO's Estimates - CBO Robots Grow Smarter, American Workers Struggle - NYTimes.com National... Continue reading
Posted 5 days ago at Economist's View
76
Cecchetti & Schoenholtz: Higher capital requirements didn't slow the economy: During the debate over the 2010 Basel III regulatory reform, one of the biggest concerns was that higher capital requirements would damage economic growth. Pessimists argued that forcing banks to... Continue reading
Posted 5 days ago at Economist's View
15
The battle over financial reform is far from over: Wall Street’s Revenge, by Paul Krugman, Commentary, NY Times: On Wall Street, 2010 was the year of “Obama rage,” in which financial tycoons went ballistic over the president’s suggestion that some... Continue reading
Posted 6 days ago at Economist's View
87
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Tim Duy: More Questions for Yellen, by Tim Duy: FOMC meeting this week. We all pretty much know the lay of the land. "Considerable time" is on the table, and whether it stays or goes is a close call. The... Continue reading
Posted 6 days ago at Economist's View
15
Deficits, Mediamacro and Popular Opinion - mainly macro Inequality and Work in the Second Machine Age - Henning Meyer Gas prices are going up, but it's a small price to pay - Severin Borenstein Oil prices as an indicator of... Continue reading
Posted 6 days ago at Economist's View
66
Robert Stavins: Assessing the Outcome of the Lima Climate Talks: In the early morning hours of Sunday, December 14th, the Twentieth Conference of the Parties (COP-20) of the United Nations Framework Convention on Climate Change (UNFCCC) concluded in Lima, Peru... Continue reading
Posted 6 days ago at Economist's View
Roger Farmer: Real business cycle theory and the high school Olympics: I have lost count of the number of times I have heard students and faculty repeat the idea in seminars, that “all models are wrong”. This aphorism, attributed to... Continue reading
Posted 6 days ago at Economist's View
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