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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Travel day. Not sure when I can post. Continue reading
Posted 12 hours ago at Economist's View
The Fed and Lehman Brothers - Laurence Ball The Impact of Inequality on Social Capital - The Unassuming Economist The dirty little secret of central banking - The Washington Post Trump’s Fiscal Brainstorm: Cut Taxes for the Rich - Econbrowser... Continue reading
Posted 16 hours ago at Economist's View
155
David Halpern at Bank Underground: It’s time to bring more realistic models of human behaviour into economic policy and regulation: The Centre for Central Banking Studies recently hosted their annual Chief Economists Workshop, whose theme was “What can policymakers learn... Continue reading
Posted yesterday at Economist's View
16
Brad Setser: IMF Cannot Quit Fiscal Consolidation (in Asian Surplus Countries): In theory, the IMF now wants current account surplus countries to rely more heavily on fiscal stimulus and less on monetary stimulus. This shift makes sense in a world... Continue reading
Posted yesterday at Economist's View
23
I have a new column: Why We Need a Fiscal Policy Commission: During the Great Recession, monetary policymakers were aggressive and creative in their attempts to revive the economy. I wish they had been even more aggressive, and at times... Continue reading
Posted yesterday at Economist's View
85
What Do The Simple Folk Do? - Paul Krugman Lessons on inequality, labour markets, and conflict from the Gilded Age - VoxEU Negative Nominal Interest Rates (again) - Cecchetti & Schoenholtz Automation and Job Loss: Leontief in 1982 - Tim... Continue reading
Posted yesterday at Economist's View
98
"This election is likely to be decisive for the climate": The Water Next Time, by Paul Krugman, NY Times: ...The governor of flood-ravaged Louisiana asked President Obama to postpone a personal visit while relief efforts were still underway. ... He... Continue reading
Posted 2 days ago at Economist's View
101
Helicopter Money: missing the point - mainly macro The Gridlock Economy - Paul Krugman Remarks on the U.S. Economy - Stanley Fischer Human development, inequality and long working hours - VoxEU Ramen noodles supplanting cigarettes as currency for prisoners -... Continue reading
Posted 3 days ago at Economist's View
232
Slow Learners - Paul Krugman Eurozone stability still under threat of a ‘bad shock’ - VoxEU The Difficult Math of American Health Care - James Kwak Where Median Incomes Have Fallen the Most - Justin Fox Convert Carbon Dioxide from... Continue reading
Posted 4 days ago at Economist's View
239
Simon Wren-Lewis: Hard truths for the IMF: It is to the IMF’s credit that they have an Independent Evaluation Office, and their recent report on the Eurozone crisis is highly critical of the IMF’s actions. The IMF’s own staff told... Continue reading
Posted 5 days ago at Economist's View
38
Narayana Kocherlakota: The Fed’s Effect on Black Americans: The U.S. Federal Reserve appears to be paying more attention to how its policies affect black Americans. This is a wise move... Imagine we’re in the midst of a severe recession. In... Continue reading
Posted 5 days ago at Economist's View
11
The problems with Obamacare would be easy to fix, the real problem is Congress: Obamacare Hits a Bump, by Paul Krugman, NY Times: More than two and half years have gone by since the Affordable Care Act, a.k.a. Obamacare, went... Continue reading
Posted 5 days ago at Economist's View
55
A primer on helicopter money - VoxEU More Support for a Higher Inflation Target - Carola Binder A Thought Provoking Essay from Fed President Williams - Larry Summers Why slightly higher inflation might benefit the U.S. economy - Equitable Growth... Continue reading
Posted 5 days ago at Economist's View
211
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Toggle Commented 6 days ago on Note on Comments at Economist's View
1 reply
There was a problem with comments -- they haven't been posting for a day or so. Hopefully it has been resolved. I will try to dig them out of the spam filter, but may not get to them all until... Continue reading
Posted 6 days ago at Economist's View
The Unwinding of QE Has Begun - David Beckworth Recession Watch, August 2016 Updated - Econbrowser The Riddle of the Wall Street Brain Drain - Bloomberg View Brexit – Britain is paying the price for a badly designed choice -... Continue reading
Posted 6 days ago at Economist's View
46
[I am traveling, so apologies for the lack of posts lately. Hopefully this will give you something to talk about.] Daniel Little: Liberalism and hate-based extremism, Understanding Society: How should a democratic society handle the increasingly virulent challenges presented by... Continue reading
Posted 7 days ago at Economist's View
51
A split euro is the solution for the single currency - Joseph Stiglitz Still Struggling to Make Sense of the 2016 U.S. Trade Data - Follow the Money “Massive New Study” Says Nothing About Economic Anxiety - Baseline Scenario Schools... Continue reading
Posted Aug 16, 2016 at Economist's View
119
A relatively long article by Raphaële Chappe at INET: General Equilibrium Theory: Sound and Fury, Signifying Nothing?: Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other... Continue reading
Posted Aug 16, 2016 at Economist's View
38
Benjamin Friedman: Obama rescued the economy. Could he have done more?: ...Barack Obama took office Jan. 20, 2009, during the worst financial and economic crisis since World War II. By then, the Federal Reserve System had already acted to prevent... Continue reading
Posted Aug 16, 2016 at Economist's View
113
More on Measured Productivity and the Labor Share - Dietrich Vollrath Abenomics and the Single Arrow - Paul Krugman Firms and inequality - macromom Lies, Lying Liars, and Donald Trump - Paul Krugman Signs of pure altruism converge in the... Continue reading
Posted Aug 16, 2016 at Economist's View
125
George Evans responds to the recent discussion on the usefulness of DSGE models: Here is what I like and have found most useful about Dynamic Stochastic General Equilibrium (DSGE) models, also known as New Keynesian (NK), models. The original NK... Continue reading
Posted Aug 15, 2016 at Economist's View
15
"What do we actually know how to do when it comes to economic policy?": Wisdom, Courage and the Economy, by Paul Krugman, NY Times: It’s fantasy football time in political punditry, as commentators try to dismiss Hillary Clinton’s dominance in... Continue reading
Posted Aug 15, 2016 at Economist's View
147
Why you should never use the Hodrick-Prescott filter - James Hamilton Do (local) housing demand curves slope up? - Nick Rowe The Generations of Economic Journalism - Economic Principals Has Labor Productivity Growth Fallen Permanently? - Roger Farmer What caused... Continue reading
Posted Aug 14, 2016 at Economist's View
83
The State of Macro Is Sad (Wonkish) - Paul Krugman Blanchard on DSGE - mainly macro Hurdle Rates for Public Infrastructure and Private Investment - Brad DeLong Trump’s Misguided Embrace of Tax Cuts - NYTimes Cheap Talk And Nuclear War... Continue reading
Posted Aug 13, 2016 at Economist's View
186