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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Financial Plumbing Most to Blame for 2008 Crisis - IGM Forum Foreign exchange interventions: Frequent and effective - VoxEU The recession of 2012-13 and the taper tantrum - MacroMania Some Thoughts About Economic Exposition in Math and Words - Tim... Continue reading
Posted 4 hours ago at Economist's View
16
"there’s a faction in our country that sees public action for the public good, no matter how justified, as part of a conspiracy to destroy our freedom": Nasty, Brutish and Trump, by Paul Krugman, NY Times: On Wednesday, after listening... Continue reading
Posted 4 hours ago at Economist's View
17
I am here today: Economic Fluctuations and Growth Research Meeting Andrew Atkeson and Monika Piazzesi, Organizers Federal Reserve Bank of San Francisco February 23, 2018 Friday, February 23 9:00 am Fatih Guvenen, University of Minnesota and NBER Gueorgui Kambourov, University... Continue reading
Posted 4 hours ago at Economist's View
Tim Duy: Fedspeak Reiterates Gradual Path: Fed speakers continue to reiterate that policy remains on a gradual path of tightening. So far, the inflation data and brightening economy has more emboldened their commitment to gradual rate hikes than a faster... Continue reading
Posted yesterday at Economist's View
50
What Does a True Populism Look Like? It Looks Like the New Deal - Dani Rodrik Mapping Capital Flows Into the U.S. Over the Last Thirty Years - Brad Setser Stable exploitation - Stumbling and Mumbling The World-Wide Fama Puzzle... Continue reading
Posted yesterday at Economist's View
117
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Anna Stansbury and Lawrence Summers at VoxEU: On the link between US pay and productivity, by Anna Stansbury and Lawrence Summers, VoxEU: Pay growth for middle class workers in the US has been abysmal over recent decades – in real... Continue reading
Posted 3 days ago at Economist's View
91
Come the Recession, Don’t Count on That Safety Net - The New York Times Absolute poverty: when necessity displaces desire - Microeconomic Insights Do Job Market Networks Help Recovery from Mass Layoffs? - FRBSF Interest Ratess and Exchange Rates Before... Continue reading
Posted 3 days ago at Economist's View
156
Tim Duy: Inflation, General Data Flow, Fiscal Stimulus, And Implications For Monetary Policy, by Tim Duy: The data flow remains supportive of the Fed’s forecast of sustained moderate growth. A spike in prices, however, drove core CPI inflation to the... Continue reading
Posted 3 days ago at Economist's View
11
Trump’s Twin Deficits (Wonkish) - Paul Krugman Income inequality and aggregate demand - Equitable Growth What Do Trade Agreements Really Do? - NBER Why Economists Are Worried About International Trade - Greg Mankiw Trump’s Tax Success Is at the Expense... Continue reading
Posted 4 days ago at Economist's View
178
"our job, whether we’re policy analysts or journalists, isn’t to be “balanced”; it’s to tell the truth": Budgets, Bad Faith and ‘Balance’, by Paul Krugman, NY Times: Over the past couple of months Republicans have passed or proposed three big... Continue reading
Posted 7 days ago at Economist's View
252
Gaps in the Market - Heather Boushey The President’s new budget - Jared Bernstein Rising Interest Rates, but Easier Financial Conditions - Tim Taylor UBI policies don’t cause people to leave workforce - UChicago News Landing a Jumbo Is Getting... Continue reading
Posted Feb 15, 2018 at Economist's View
260
Parcoursup: could do better - Thomas Piketty The Double Threat to Liberal Democracy - Dani Rodrik GDPNow's Forecast: Why Did It Spike Recently? - macroblog The Disappointing Recovery in U.S. Output after 2009 - FRBSF Great Recession’s Impact Lingers in... Continue reading
Posted Feb 13, 2018 at Economist's View
271
"Trump’s offer on infrastructure is this: nothing": Trump Doesn’t Give a Dam, by Paul Krugman, NY Times: Donald Trump doesn’t give a dam. Or a bridge. Or a road. Or a sewer system. Or any of the other things we... Continue reading
Posted Feb 13, 2018 at Economist's View
24
From the San Francisco Fed: FRBSF Fed Views: Fernanda Nechio, research advisor at the Federal Reserve Bank of San Francisco, stated her views on the current economy and the outlook as of February 8, 2018. Based on the advance estimate... Continue reading
Posted Feb 13, 2018 at Economist's View
Tim Duy: Stick To The Forecast, by Tim Duy: So far, I’d say this is small potatoes… -- New York Federal Reserve President William Dudley, February 8, 2018 All that said, given the fundamental factors in place that should support... Continue reading
Posted Feb 12, 2018 at Economist's View
62
How Big a Bang for Trump’s Buck? (Wonkish) - Paul Krugman Kaldor and Piketty’s facts: The rise of monopoly power - Equitable Growth The rise of market power explains macroeconomic puzzles - Equitable Growth Economics and politics of monetary policymaking:... Continue reading
Posted Feb 12, 2018 at Economist's View
152
"...pretending to care about the deficit served several useful political purposes": Fraudulence of the Fiscal Hawks, by Paul Krugman, NY Times: In 2011, House Republicans, led by Paul Ryan, issued a report full of dire warnings about the dangers of... Continue reading
Posted Feb 9, 2018 at Economist's View
286
No Fairy, No Cry - Paul Krugman Do Not Overlook the December Trade Data - Brad Setser What Bitcoin Reveals About Financial Markets - John Quiggin What Do Cryptocurrencies Have to Do with Trust? - Liberty Street Fisherian Decomposition of... Continue reading
Posted Feb 9, 2018 at Economist's View
179
"In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton talks about the connection of rent-seeking and monopolization to rising inequality": Angus Deaton on the Under-Discussed Driver of Inequality in America: “It’s Easier for Rent-Seekers to Affect Policy Here Than... Continue reading
Posted Feb 8, 2018 at Economist's View
41
Wells Fargo’s board members are getting off too easily - Larry Summers A Farewell to Fracking Regulations - The Regulatory Review A DSGE Perspective on Safety, Liquidity, and Low Interest Rates - Liberty Street US History and the Path to... Continue reading
Posted Feb 7, 2018 at Economist's View
161
Douglas Campbell: On the Uses (and Abuses) of Economath: The Malthusian Models: Many American undergraduates in Economics interested in doing a Ph.D. are surprised to learn that the first year of an Econ Ph.D. feels much more like entering a... Continue reading
Posted Feb 6, 2018 at Economist's View
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"all of this would be manageable if key policymakers could be counted on to act effectively": Has Trumphoria Finally Hit a Wall?, by Paul Krugman, NY Times: When talking about stock markets, there are three rules you have to remember.... Continue reading
Posted Feb 6, 2018 at Economist's View
60
Donald Trump Is Playing to Lose - J. Bradford DeLong We're Still Not at Full Employment - Dean Baker Emergence in stock markets - Stumbling and Mumbling Safety, Liquidity, and Low Interest Rates - Liberty Street Economics Panic Over Inflation?... Continue reading
Posted Feb 6, 2018 at Economist's View
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Tim Duy: Moving Pieces, by Tim Duy: There are lots of moving pieces right now. So many that few wanted to step in front of last week’s selling on Wall Street. I am going to try to sort out some... Continue reading
Posted Feb 5, 2018 at Economist's View
10
The Death of the Phillips Curve? - Dallasfed.org Let Them Eat French Fries - Paul Krugman Jerome Powell’s challenge at the Fed - Larry Summers A Few More Words about Janet Yellen - Economic Principals A People’s Democracy in America... Continue reading
Posted Feb 5, 2018 at Economist's View
135