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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
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"Less-educated workers are disproportionately likely to move up the job ladder during expansions, but they also slide down during downturns." This is from Dwyer Gunn at the NBER Digest: Exploring the Job Ladder to High-Productivity Firms, NBER Digest: Upward movement... Continue reading
Posted 4 hours ago at Economist's View
CHIP ahoy: The Republican War on Children, by Paul Krugman, NY Times: ...The Children’s Health Insurance Program, or CHIP, is basically a piece of Medicaid targeted on young Americans. It was introduced in 1997, with bipartisan support. Last year it... Continue reading
Posted 5 hours ago at Economist's View
America’s Broken System - J. Bradford DeLong Facts Have a Well-Known Liberal Bias - Paul Krugman An Economist Explains: How to Sort Facts From Fictions - Justin Wolfers The Principle of Comparative Advantage 200 years on: A new eBook -... Continue reading
Posted 2 days ago at Economist's View
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The conclusion of a post by Harold Feld at ProMarket: Will Repeal of Net Neutrality Accelerate the Trend in Media Consolidation? The History of Cable Suggests “Yes,” by Harold Feld, ProMarket: ...Based on the history of both the cable industry... Continue reading
Posted 4 days ago at Economist's View
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"offsetting those deficits will require going after the true big-ticket programs, namely Medicare and Social Security": Republicans Are Coming for Your Benefits, by Paul Krugman, NY Times: ...During the Senate debate over the Tax Cuts and Jobs Act, Senator Orrin... Continue reading
Posted 4 days ago at Economist's View
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Tim Duy: Will Growth Slow In 2018? And Why?, by Tim Duy: Thinking about the path of policy next year, this quote from Chicago Federal Reserve President Charles Evans (via the New York Times), seems like an important issue: I... Continue reading
Posted 4 days ago at Economist's View
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The L-Shaped Phillips Curve (NBER) - Narayana Kocherlakota The Phillips Curve, Again - The Everyday Economist Aggregate productivity and the rise of mark-ups - VoxEU The Problem With Bayesian Model Averaging... - No Hesitations Workers Get Nothing When They Produce... Continue reading
Posted 6 days ago at Economist's View
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I'm a bit late posting this one: Republicans’ Tax Lies Show the Rot Spreads Wide and Runs Deep, by Paul Krugman, NY Times: ...Steven Mnuchin, the Treasury secretary, has been lying ... about Republican tax plans. Mnuchin has repeatedly claimed... Continue reading
Posted 7 days ago at Economist's View
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How the Great Recession Continues to Shape America - Annie Lowrey Is Job Disruption Historically Low in the US Economy? - Tim Taylor Why Trying New Things Is So Hard to Do - By Sendhil Mullainathan Adam Smith: is democracy... Continue reading
Posted Dec 1, 2017 at Economist's View
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Jason Furman and Larry Summers: Dear colleagues, please explain your letter to Steven Mnuchin: Dear Colleagues: You recently wrote an open letter to Treasury Secretary Steven Mnuchin quantifying the economic impact of tax reform. We are interested in and surprised... Continue reading
Posted Nov 28, 2017 at Economist's View
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House prices and the UK economy - VoxEU Asset Prices and the Real Economy - Tim Taylor The Four Big Tax Deceptions - The New York Times On Trade, Trump Puts Corporate America First - Dani Rodrik Should we Get... Continue reading
Posted Nov 28, 2017 at Economist's View
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"will they manage to pull off this giant con job?": The Biggest Tax Scam in History, by Paul Krugman, NY Times: ...The bill Republican leaders are trying to ram through this week ... is the biggest tax scam in history.... Continue reading
Posted Nov 28, 2017 at Economist's View
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Tim Duy: Fed Frets About Inflation While Preparing Another Rate Hike, by Tim Duy: The minutes of the Oct. 31-Nov. 1, 2018 FOMC meeting made a bit of a splash with their mixed message. The minutes revealed widespread concern with... Continue reading
Posted Nov 28, 2017 at Economist's View
Schroedinger's Tax Hike - Paul Krugman Socialism and Capitalism Work Together - Noah Smith Do rich countries lend to poor countries? - Bank Underground Macroeconomic nowcasting and forecasting with big data - Fed in Print Fed Remains on Track to... Continue reading
Posted Nov 25, 2017 at Economist's View
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Tax Reform - IGM Forum Tax Cuts, Growth, and Leprechauns - Paul Krugman Will Artificial Intelligence Recharge Economic Growth? - Tim Taylor Key assumptions in the DOJ challenge to AT&T and Time Warner – Digitopoly Leverage and limited liability: A... Continue reading
Posted Nov 21, 2017 at Economist's View
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"an unprecedented level of dishonesty": Lies, Incoherence and Rage on Tax Cuts, by Paul Krugman, NY Times: One thing you can count on in 21st-century U.S. politics is that Republicans will lie about taxes. They did it under George W.... Continue reading
Posted Nov 21, 2017 at Economist's View
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Time demands in economics – macromom There Is No Inflation Puzzle - Joseph Gagnon The origins of the Industrial Revolution - VoxEU Why Has Life Insurance Ownership Declined? - Tim Taylor How Cutting Taxes Makes Life Worse for the Rich... Continue reading
Posted Nov 20, 2017 at Economist's View
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Emmanuel Saez & Gabriel Zucman: Republican tax plan slams workers and job creators in favor of the rich and inherited wealth, by Emmanuel Saez & Gabriel Zucman: The tax plan released by Republicans in Congress and praised by President Donald... Continue reading
Posted Nov 20, 2017 at Economist's View
Two from Tim Duy. First: The Unintended Consequences of a Flatter Yield Curve, by Tim Duy: It was supposed to be easy. When the Federal Reserve started hiking the federal funds rate, longer-term interest rates would rise. After all, they... Continue reading
Posted Nov 20, 2017 at Economist's View
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Peter Lindert at VoxEU: The rise and future of progressive redistribution, by Peter Lindert: What have governments done to shift national income towards the poor at the expense of those better off? The question deserves a global history, especially in... Continue reading
Posted Nov 20, 2017 at Economist's View
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Mitch McConnell’s Middle-Class Tax Hike - David Leonhardt The "cackling cartoon villain" defense of DSGE - Noahpinion Days of Greed and Desperation - Paul Krugman Making Sense of Chaos with the Windy-Boat - Roger E. A. Farmer Gender gaps among... Continue reading
Posted Nov 17, 2017 at Economist's View
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Kurt G. Lunsford of the Federal Reserve Bank of Cleveland: Productivity Growth and Real Interest Rates in the Long Run: Despite the unemployment rate's return to low levels, inflation-adjusted or "real" interest rates have remained negative. One popular explanation for... Continue reading
Posted Nov 17, 2017 at Economist's View
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Tim Taylor: US Wages: The Short-Term Mystery Resolved: The Great Recession ended more than eight years ago, in June 2009. The US unemployment rate declined slowly after that, but it has now been below 5.0% every month for more than... Continue reading
Posted Nov 17, 2017 at Economist's View
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From VoxEU: Economics gets out more often: Using extramural citations to assess economic scholarship, by Josh Angrist, Pierre Azoulay, Glenn Ellison, Ryan Hill, and Susan Lu: The 2017 Nobel in Memorial Prize Economic Sciences, awarded to University of Chicago’s Richard... Continue reading
Posted Nov 17, 2017 at Economist's View
"The only significant winners would be those making more than $1 million a year.": Everybody Hates the Trump Tax Plan, by Paul Krugman, NY Times: Looking at the reactions to Republican tax plans, I found myself remembering what people used... Continue reading
Posted Nov 17, 2017 at Economist's View
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