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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Evidence of a Toxic Environment for Women in Economics - NYTimes A public plea to my male senior colleagues in economics – Jeffrey R. Brown A better centrism - Stumbling and Mumbling GSEs' Conservatorships: Not a Time to Celebrate -... Continue reading
Posted 11 hours ago at Economist's View
41
"So is the Trump agenda dead? Not necessarily": What Will Trump Do to American Workers?, by Paul Krugman, NY Times: ...Donald Trump’s promise to be a populist fighting for ordinary workers was worth about as much as any other Trump... Continue reading
Posted 11 hours ago at Economist's View
20
Trump’s CEOs resigned. His staff should do the same. - Larry Summers Alfred Crosby Deserves a Nobel Prize in Economics - Douglas Campbell Fed Confronts New Reality: Low Inflation and Low Unemployment - NYTimes FOMC Minutes: Balance Sheet Normalization "Relatively... Continue reading
Posted 3 days ago at Economist's View
278
"The Worst President Ever™": Trump Makes Caligula Look Pretty Good, by Paul Krugman, NY Times: Even before the media obsession with Hillary Clinton’s email server put The Worst President Ever™ in the White House, historians were comparing Donald Trump to... Continue reading
Posted 3 days ago at Economist's View
44
Why don’t all CEOs quit Trump’s advisory councils? - Larry Summers Nearly All US Trade Deals Were Negotiated by Republicans - PIIE How Donald Trump Is Driving Up Health Insurance Premiums - NYTimes Adam Smith: The Impartial Spectator in Times... Continue reading
Posted 5 days ago at Economist's View
217
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Tim Duy: Retail Sales, Dudley, Wages, by Tim Duy: Some quick thoughts for the day. First, New York Federal Reserve President William Dudley gave an extended interview to the Associate Press. Definitely worth the time to read. Some highlights: 1.)... Continue reading
Posted 6 days ago at Economist's View
11
Tim Duy: Fed Shouldn't View Productivity as an Exogenous Factor: The Federal Reserve has an opportunity to test a hypothesis critical to the health of the U.S. economy: Can persistently loose monetary policy boost the pace of productivity growth? Sadly,... Continue reading
Posted 6 days ago at Economist's View
24
Roger Farmer: Do Low Interest Rates Punish Savers?: This is the second of my posts on the conference: Applications of Behavioural Economics, and Multiple Equilibrium Models to Macroeconomic Policy, held at the Bank of England on July 3rd and 4th.... Continue reading
Posted 6 days ago at Economist's View
20
Why the Federal Reserve’s job will get harder - Larry Summers The Case for Regulating Before Harms Occur - The Regulatory Review The Natural Rate of Unemployment over the Past 100 Years - FRBSF Misallocation and Productivity: International Perspective -... Continue reading
Posted 6 days ago at Economist's View
75
"we don’t need to wonder whether an anti-American cabal ... has seized power in Washington. It has:": When the President Is Un-American, by Payl Krugman, NY Times: ...what makes America America is that it is built around an idea: the... Continue reading
Posted 7 days ago at Economist's View
126
Tim Duy: Don't Add To The Fire: Vox has an article out this morning with the title "The real "deep state" sabotage is happening at the Fed." It begins: Trump administration officials are notorious for their suspicion that a “deep... Continue reading
Posted 7 days ago at Economist's View
94
I have a new column: The Republican Retreat From Market-Based Regulation: During the debate over the repeal of Obamacare, Republicans made frequent reference to their desire for a “free market” for health care. This is consistent with the GOP’s long-standing... Continue reading
Posted 7 days ago at Economist's View
19
Micro Needs macro - Brad DeLong The Financial Crisis Tenth Anniversary - EconoSpeak What economists study: A guide for the curious - VoxEU Inequality and Property in Russia - Novokmet, Thomas Piketty, Zucman Gender quotas and the crisis of the... Continue reading
Posted Aug 12, 2017 at Economist's View
187
"Where does climate denial come from?": The Axis of Climate Evil, by Paul Krugman, NY Times: ...At this point the evidence for human-caused global warming just keeps getting more overwhelming, and the plausible scenarios for the future — extreme weather... Continue reading
Posted Aug 11, 2017 at Economist's View
65
The Search for New Assumptions - Benjamin Friedman Revenge of the Experts - Barry Eichengreen Markets Don't Work for Everything - Noah Smith A well-argued smackdown from the smart Dean Baker - Brad DeLong Occupational Licenses and the Prison-to-Poverty Pipeline... Continue reading
Posted Aug 10, 2017 at Economist's View
135
Ranking Academic Economic Journals by Speed - Douglas Campbell Real wages are mainly a macro issue - mainly macro My socialism - Stumbling and Mumbling Investing in roads versus schools - VoxEU Regulation of the Chinese Equity Crowdfunding Market -... Continue reading
Posted Aug 9, 2017 at Economist's View
70
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Tim Duy: Multiple Jobholders Are Not A Weak Spot In The Employment Report, by Tim Duy: Along with every decent employment report comes the efforts to debunk that report. I see that an article from Pedro Nicolaci Da Costa at... Continue reading
Posted Aug 9, 2017 at Economist's View
12
Continuing with recent posts on models with multiple equilibria, this is by Luis C. Corchón (link is to a draft) A Malthus-Swan Model of Economic Growth, by Luis C. Corchón Departmento de Economía Universidad Carlos III de Madrid Calle Madrid,... Continue reading
Posted Aug 9, 2017 at Economist's View
The Financial Crisis Began 10 Years Ago This Week - Cecchetti & Schoenholtz How Bad Will It Be If We Hit The Debt Ceiling? - Paul Krugman The Danger From Low-Skilled Immigrants: Not Having Them - NYTimes Negative Interest Rates:... Continue reading
Posted Aug 8, 2017 at Economist's View
240
Roger Farmer: The Marriage of Psychology with Multiple Equilibria in Economics: This is the first of a new weekly blog series, Monday’s Macro Memo with Roger Farmer, which will discuss a wide range of economic issues of the day. The... Continue reading
Posted Aug 8, 2017 at Economist's View
10
There's more than one way to get to universal coverage: What’s Next for Progressives?, by Paul Krugman, NY Times: ...If Democrats regain control of Congress and the White House, what will they do with the opportunity? Well, some progressives —... Continue reading
Posted Aug 7, 2017 at Economist's View
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Tim Duy: July Employment Recap, by Tim Duy: The July employment report came in on the high side of expectations and sufficiently strong to keep the Fed's policy plans for this year and next intact despite low inflation. On average... Continue reading
Posted Aug 7, 2017 at Economist's View
26
Commodity Connectedness - No Hesitations A monetary-fiscal theory of inflation - MacroMania Benefits and Costs of Local Food Policies - Jayson Lusk Choice in economics - Stumbling and Mumbling Globalisation and US labour markets - VoxEU The Guardian drops the... Continue reading
Posted Aug 6, 2017 at Economist's View
131
A new paper by Mordecai Kurz of Stanford University: On the Formation of Capital and Wealth Draft: Abstract We show modern information technology (in short IT) is the cause of rising income and wealth inequality since the 1970's and has... Continue reading
Posted Aug 6, 2017 at Economist's View
Commodity Connectedness: Forthcoming paper here. We study connectedness among the major commodity markets, summarizing and visualizing the results using tools from network science. Among other things, the results reveal clear clustering of commodities into groups closely related to the traditional... Continue reading
Posted Aug 6, 2017 at Economist's View