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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
What are the lessons we should learn from Japan?: Apologizing to Japan, by Paul Krugman, Commentary, NY Times: For almost two decades, Japan has been held up as ... an object lesson on how not to run an advanced economy.... Continue reading
Posted 6 hours ago at Economist's View
15
Economic Lessons Not Learned - NYTimes.com In praise of macroeconomists (or at least one of them) - mainly macro Wikipedia: The value of open content production - Vox EU Inflation? Deflation Is New Risk - NYTimes.com Did the Federal Reserve... Continue reading
Posted 7 hours ago at Economist's View
Calculated Risk: BEA: Real GDP increased at 3.5% Annualized Rate in Q3: From the BEA: Gross Domestic Product, Third Quarter 2014 (Advance Estimate) Real gross domestic product -- the value of the production of goods and services in the United... Continue reading
Posted yesterday at Economist's View
38
Tim Duy: FOMC Recap, by Tim Duy: In broad terms, the FOMC meeting concluded as I had expected. To the extent there were any surprises, they were on the hawkish side. Or, I would say, hawkish mostly if you believed... Continue reading
Posted yesterday at Economist's View
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In case you just can't get enough of Larry Summers talking about secular stagnation: Reflections on the new 'Secular Stagnation hypothesis', by Larry Summers, Vox EU: The notion that Europe and other advanced economies are suffering secular stagnation is gaining... Continue reading
Posted yesterday at Economist's View
59
The untold story of the Eurozone crisis - mainly macro Evolution of competitiveness (in nature) - EurekAlert Prosecutors Suspect Repeat Offenses on Wall Street - NYTimes.com Enough With European Austerity, Bring on the Stimulus - Alan S. Blinder That which... Continue reading
Posted yesterday at Economist's View
50
"In a panel discussion moderated by Dean Rich Lyons, Laura Tyson, professor of business administration and economics at the Haas School of Business, and Emmanuel Saez, economics professor and head of the Center for Equitable Growth at UC Berkeley, focus... Continue reading
Posted 2 days ago at Economist's View
15
Antonio Fatás: Riksbank and ECB: reverse asymmetry: The Swedish central bank just lowered interest rates to zero because of deflation risks. This action comes after ignoring repeated warnings from Lars Svensson who had joined the bank in 2007 and later... Continue reading
Posted 2 days ago at Economist's View
Brian Lucey: Is (teaching) Economics doing more harm than good?: Every September thousands of students enter into universities and institutes of higher education. A large number of these take some economics courses. ... Economists also typically teach courses such as... Continue reading
Posted 2 days ago at Economist's View
15
The digital divide: Digital divide exacerbates US inequality, by David Crow, FT: The majority of families in some of the US’s poorest cities do not have a broadband connection, according to a Financial Times analysis of official data that shows... Continue reading
Posted 2 days ago at Economist's View
Lars Svensson 1, Sadomonetarists 0 - Paul Krugman Digital divide exacerbates US inequality - FT.com It's Essential the Federal Reserve Discusses Inequality - Rortybomb The narrowing of global imbalances - Vox EU That Infamous Open Letter to Bernanke? - Uneasy... Continue reading
Posted 2 days ago at Economist's View
145
Tim Duy: Fed Watch: FOMC Meeting, by Tim Duy: I have been buried the past few weeks. So blogging has been, and will be, at least for a little longer, light. That said, I have trouble letting an FOMC meeting... Continue reading
Posted 3 days ago at Economist's View
I have a new column: Are Economists Ready for Income Redistribution?: When the Great Recession hit and it became clear that monetary policy alone would not be enough to prevent a severe, prolonged downturn, fiscal policy measures – a combination... Continue reading
Posted 3 days ago at Economist's View
110
At MoneyWatch: Has Fed policy made inequality worse?: What effect did Federal Reserve policy during the Great Recession have on inequality? Did quantitative easing and the Fed’s low interest rate policy benefit those at the top of the income distribution... Continue reading
Posted 3 days ago at Economist's View
13
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Emmanuel Saez and Gabriel Zucman: Exploding wealth inequality in the United States, by Emmanuel Saez and Gabriel Zucman, Vox EU: Wealth inequality in the US has followed a U-shaped evolution over the last century – there was a substantial democratisation... Continue reading
Posted 3 days ago at Economist's View
24
What Secular Stagnation Isn't - Paul Krugman Ed Lazear Comments on Government Forecasts - Econbrowser No one can answer the question re QE and inequality. - Jared Bernstein To be fair... Effects of Minimum Wages - Neumark, Salas, and Wascher... Continue reading
Posted 3 days ago at Economist's View
133
David Hendry at Vox EU: Climate change: Lessons for our future from the distant past, by David F. Hendry: Summary Climate change has been the main driver of mass extinctions over the last 500 million years. This column argues that... Continue reading
Posted 4 days ago at Economist's View
45
This is from INET: The Consequences of Money-Manager Capitalism: In the wake of World War II, much of the western world, particularly the United States, adopted a new form of capitalism called “managerial welfare-state capitalism.” The system by design constrained... Continue reading
Posted 4 days ago at Economist's View
30
What's really behind the GOP's opposition to infrastructure investment?: Ideology and Investment, by Paul Krugman, Commentary, NY Times: America used to be a country that built for the future. Sometimes the government built directly: Public projects, from the Erie Canal... Continue reading
Posted 4 days ago at Economist's View
101
Climate change: Lessons for our future from the distant past - Vox EU U.N. Climate Change Draft Sees Risks of Irreversible Damage - SciAm Advanced economies’ sovereign debt: 100 years of data - Vox EU US Federal Reserve set to... Continue reading
Posted 4 days ago at Economist's View
65
Simon Wren-Lewis: Why the Eurozone suffers from a Germany problem: When, almost a year ago, Paul Krugman wrote six posts within three days laying into the stance of Germany on the Eurozone’s macroeconomic problems, even I thought that maybe this... Continue reading
Posted 5 days ago at Economist's View
101
What drives micro and macro volatility? - Vox EU Is There Really a Profits-Investment Disconnect? - Brad DeLong The American Dream Is Leaving America - Nicholas Kristof Inequality and Its Rent-Seeking Society Consequences - Brad DeLong Antitrust?: Retailers dropping Apple... Continue reading
Posted 5 days ago at Economist's View
83
Dietz Vollrath: Scale, Profits, and Inequality, Growth Economics: After my post last week on inequality, I got a number of (surprisingly reasonable) responses. I pulled one line out of a recent comment ... because it encapsulates an argument for *not*... Continue reading
Posted 6 days ago at Economist's View
54
Monetary policy and inequality in the US - Vox Redistribution between generations - mainly macro China Will Keep Growing. Just Ask the Soviets. - NYTimes.com The Profits-Investment Disconnect - Paul Krugman Yellen´s Inequality Speech Revealed a "Closet Conservative" - Brookings... Continue reading
Posted 6 days ago at Economist's View
74
Tim Taylor: What Path for Development in Africa -- and Elsewhere?: As I've pointed out from time to time, the countries of sub-Saharan Africa have been experiencing genuine conomic growth for the last decade or so, and not just in... Continue reading
Posted 7 days ago at Economist's View
35