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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
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 2 hours ago at Economist's View
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 yesterday at Economist's View
22
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 yesterday 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 2 days ago at Economist's View
34
Maybe we'll finally start discussing something I've been writing about for years with little traction, how market power affects the distribution of income (the disconnect between income and the contribution to final product that occurs when market power exists): The... Continue reading
Posted 2 days ago at Economist's View
37
Simon Wren-Lewis: Redistribution between generations: I ought to start a series on common macroeconomic misunderstandings. (I do not watch zombie films.) ... Here is one that crops up fairly regularly - that government debt does not involve redistribution between generations.... Continue reading
Posted 2 days ago at Economist's View
16
"What's a plutocrat to do?": Plutocrats Against Democracy, by Paul Krugman, Commentary, NY Times: ...The ... political right has always been uncomfortable with democracy..., there is always an undercurrent of fear that the great unwashed will vote in left-wingers who... Continue reading
Posted 2 days ago at Economist's View
97
Income and Wealth Inequality Hurts Economic Mobility - EPI Macroeconomic policy mix in the transatlantic economy - Vox Why I’m against helicopter drops - longandvariable Potential Ebola Vaccine Was Shelved for Years - NYTimes.com Don’t Blame Central Banks for Wealth... Continue reading
Posted 2 days ago at Economist's View
48
After A Few Comments on QE, Bill McBride ends with: ...My view is QE was not a panacea, but overall QE was a success. I was a frequent critic of the Fed prior to the financial crisis - I think... Continue reading
Posted 3 days ago at Economist's View
37
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 3 days 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 3 days ago at Economist's View
15
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 3 days ago at Economist's View
95
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 4 days ago at Economist's View
127
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 4 days ago at Economist's View
15
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 4 days ago at Economist's View
19
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 4 days ago at Economist's View
80
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 5 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 5 days ago at Economist's View
99
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 5 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 5 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 6 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 6 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 6 days ago at Economist's View
57
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 7 days ago at Economist's View
37