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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Jordi Galí: The Effects of a Money-Financed Fiscal Stimulus, by Jordi Galí, September 2014: Abstract I analyze the effects of an increase in government purchases financed entirely through seignorage, in both a classical and a New Keynesian framework, and compare... Continue reading
Posted 1 hour ago at Economist's View
This was in today's links (which were posted later than usual): Does Raising the Minimum Wage Hurt Employment? Evidence from China, by Prakash Loungani, iMFDirect: ...China accounts for nearly 25 percent of the global labor force... Our study is the... Continue reading
Posted 2 hours ago at Economist's View
What Path for Development in Africa -- and Elsewhere? - Tim Taylor Helicopter Money in the Midst of a PLOG - EconoSpeak S/he who is without sin ... - John Whitehead Does Raising the Minimum Wage Hurt Employment? - iMFdirect... Continue reading
Posted 2 hours ago at Economist's View
39
Everything you ever wanted to know about helicopter money: Helicopter money, by Simon Wren-Lewis, Mainly Macro: Periodically articles appear advocating, or discussing, helicopter money. Here is a simple guide to this strange sounding concept. I go in descending order of... Continue reading
Posted yesterday at Economist's View
126
Chris Dillow: Persuasion with statistics: Mark Thoma's point that apparently strong econometric results are often the product of specification mining prompts Lars Syll to remind us that eminent economists have long been wary of what econometrics can achieve. I doubt... Continue reading
Posted yesterday at Economist's View
12
I am not convinced that telling the kids to be good or else -- when there's a history of not doing much to enforce the request -- will work: Will the big banks ever clean up their act?, by Mark... Continue reading
Posted yesterday at Economist's View
17
Fly the Derpy Skies - Paul Krugman Forward guidance: Human plans and divine laughter - vox Insurers Retreat From Weather-Related Disasters - NYTimes.com Debate rages on quantitative easing’s effect on inequality - FT.com Buzzfeed linguistics and presidential pronouns revisited -... Continue reading
Posted yesterday at Economist's View
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This is related to yesterday's post "State 'Income Migration' Claims Are Deeply Flawed": At the intersection of real estate and urban economics: Albert Saiz uses big data to understand real estate dynamics. As a professor in the Department of Urban... Continue reading
Posted 2 days ago at Economist's View
15
Richard Easterlin: Why our happiness and satisfaction should replace GDP in policy making, The Conversation: Since 1990, GDP per person in China has doubled and then redoubled. With average incomes multiplying fourfold in little more than two decades, one might... Continue reading
Posted 2 days ago at Economist's View
93
Just in case you haven't had your fill of articles reviewing Thomas Piketty's Capital in the Twenty-First Century: The problem of riches, by Paul Segal: Capital in the Twenty-First Century is a very important book that is not really about... Continue reading
Posted 2 days ago at Economist's View
31
Will Americans ever vote for a far-reaching wealth tax? - Roger Farmer How big should central bank balance sheets be? - Cecchetti & Schoenholtz Enhancing Financial Stability by Improving Culture - William Dudley John Cochrane's "Monetary Policy with Interest on... Continue reading
Posted 2 days ago at Economist's View
109
Differences in income taxe ratess across states have little impact on migration: State “Income Migration” Claims Are Deeply Flawed, by Michael Mazerov, CBPP: Some proponents of state income tax cuts are making highly inaccurate claims about the impact of interstate... Continue reading
Posted 3 days ago at Economist's View
23
I've been harping on the lack of concern about market power since I began blogging almost 10 years ago. Nobody much listened or cared -- so this is very welcome: Amazon’s Monopsony Is Not O.K., by Paul Krugman, Commentary, NY... Continue reading
Posted 3 days ago at Economist's View
105
A Q&A With San Francisco Fed’s John Williams - WSJ Volatility Unlikely to Alter Fed’s Policy Course - NYTimes.com Keynes’ asset management: King’s College, 1921–1946 - vox This Age of Derp - Paul Krugman Imperfect Competition, Legitimate at Last -... Continue reading
Posted 3 days ago at Economist's View
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Robert Shiller's narrative: When a Stock Market Theory Is Contagious: Since Sept. 18, the stock market has fallen more than 6 percent. An abrupt decline last week — after five years of gains — prompted fears that the market may... Continue reading
Posted 4 days ago at Economist's View
37
Jim Hamilton: How will Saudi Arabia respond to lower oil prices?: Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in... Continue reading
Posted 4 days ago at Economist's View
21
The Civility Whine - Paul Krugman The problem of riches - Paul Segal When a Stock Market Theory Is Contagious - Robert Shiller China can benefit from a generous unfunded pension system - vox The Underworld of Finance: Welcome to... Continue reading
Posted 4 days ago at Economist's View
76
Dietz Vollrath: The Slowdown in Reallocation in the U.S.: One of the components of productivity growth is reallocation. From one perspective, we can think about the reallocation of homogenous factors (labor, capital) from low-productivity firms to high-productivity firms, which includes... Continue reading
Posted 5 days ago at Economist's View
26
Yep: ... Interestingly enough..., now that the deficit is shrinking in large part due to a growing economy—not the other way around—the deficit fetishists seem to have grown silent. Simpson and Bowles are suddenly quiet, and John Boehner is riding... Continue reading
Posted 5 days ago at Economist's View
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Clifford Asness Smackdown - Brad DeLong Inflation Derp Abides - Paul Krugman 5 Reasons to Worry About Deflation - WSJ Amity Shlaes Wrong and Proud on Economy -- NYMag Econometrics, open science, and cryptocurrency - interfluidity Market economics means more... Continue reading
Posted 5 days ago at Economist's View
104
It's a person named Deborah Frisch. She has some serious problems, and I feel very sorry for her. She was treated poorly many years ago (probably not too hard to find on Google), but it's no excuse to lash out like she does...
1 reply
Janet Yellen at the Conference on Economic Opportunity and Inequality, FRB Boston, Boston: Perspectives on Inequality and Opportunity from the Survey of Consumer Finances, by Janet Yellen, Chair, FRB: The distribution of income and wealth in the United States has... Continue reading
Posted 6 days ago at Economist's View
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Making Wall Street Work for Main Street - Brad DeLong Debt Is (NOT) Hitting Its Limits - Beat the Press Fiscal policy should not be decided by simplistic rules - Martin Wolf Safety Net Cut Poverty Nearly in Half Last... Continue reading
Posted 7 days ago at Economist's View
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