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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Some Economics for Martin Luther King Day - Tim Taylor Dollars, Cents and Republican Sadism - Paul Krugman The effects of offshoring on domestic employment - VoxEU ‘Metrics Monday: Useless Hausman Tests - Marc F. Bellemare Milton Friedman and the... Continue reading
Posted 13 hours ago at Economist's View
57
The search for the next president of the NY Fed is a big deal - Josh Bivens Tight money is not the answer to weak productivity growth - Obstfeld and Duval Does Retirement Raise the Risk of Death? - Tim... Continue reading
Posted 2 days ago at Economist's View
167
We have a shithead president. That is all. Continue reading
Posted 3 days ago at Economist's View
185
In Defense of Economic Populism - Dani Rodrik Why does economics get so much stick? - mainly macro The Rise and Fall of Keynesianism after the GFC - Crooked Timber The narrative of high debt and powerful central banks -... Continue reading
Posted 6 days ago at Economist's View
273
"Republicans in Congress are increasingly determined to participate in obstruction of justice": The Worst and the Dumbest, by Paul Krugman, NY Times: Like millions of people around the world, I was reassured to learn that Donald Trump is a “Very... Continue reading
Posted 6 days ago at Economist's View
30
Microfoundations hegemony holds back macroeconomic progress - mainly macro Evidence of an Insurrection Underway in Economics - Economic Principals What Can UWE Do for Economics? - NBER ‘Metrics Monday: The Dogit Model - Marc Bellemare Giddy Markets and Grim Politics... Continue reading
Posted 7 days ago at Economist's View
163
Tim Duy: Data Lining Up For The Fed’s Rate Hike Forecast, by Tim Duy: Last Friday the Bureau of Labor Statistics released a fairly lackluster employment report. In most ways, the story remains the same – steady improvement in the... Continue reading
Posted 7 days ago at Economist's View
21
Dean Baker: Job Growth Slows Modestly, But Black Unemployment Falls to Record Low: The Bureau of Labor Statistics reported slightly weaker than expected job growth in December, with the economy adding 148,000 jobs. There was a modest downward revision to... Continue reading
Posted Jan 5, 2018 at Economist's View
108
Faust on the Potomac - Paul Krugman How to Count Citations If You Must - Stochastic Trend Household inequality and the consumption response to shocks - VoxEU Determining Bargaining Power in the Platform Economy - Brad DeLong Minimum Wages, Monopsony... Continue reading
Posted Jan 5, 2018 at Economist's View
196
Can the Economy Keep Calm and Carry On? - Paul Krugman "If You're Not Paying for It, You're the Product" - Tim Taylor The Millennium Is Off to a Bad Economic Start - Narayana Kocherlakota Why Symmetry Continues to Beguile... Continue reading
Posted Jan 3, 2018 at Economist's View
293
In French Polynesia with spotty connectivity. For now: The Gambler’s Ruin of Small Cities (Wonkish) - Paul Krugman Economic outcomes are not invariant to the monetary policy rule - Brad DeLong Don't even try to "Normalise" interest rates - Nick... Continue reading
Posted Dec 31, 2017 at Economist's View
280
Tim Duy: 5 Questions for the Fed in 2018, by Tim Duy: The Federal Reserve anticipates continued monetary tightening in 2018, as it seeks to match 2017’s pace of interest-rate hikes with another three quarter-point moves. As always, however, that... Continue reading
Posted Dec 28, 2017 at Economist's View
71
Incomes Grew After Past Tax Cuts, but Guess Whose - Eduardo Porter Making Discretion in Monetary Policy More Rule-Like - Frederic Mishkin SR and LR Effects of Milton Friedman's Presidential Address - Hall and Sargent Tax Overhaul Process Retreated from... Continue reading
Posted Dec 26, 2017 at Economist's View
243
"it’s going to be up to the American people": America Is Not Yet Lost, by Paul Krugman, NY Times: Many of us came into 2017 expecting the worst. And in many ways, the worst is what we got. Donald Trump... Continue reading
Posted Dec 26, 2017 at Economist's View
66
Passing Through to Corruption - Paul Krugman Republicans Despise the Working Class, Continued - Paul Krugman Trickle Down? Not Now, and Not for a While at Best (Wonkish) - Paul Krugman How Regulation Subsidizes Big Finance - ProMarket Recalculating time... Continue reading
Posted Dec 24, 2017 at Economist's View
230
I should explain -- taking a few days away -- will be back soon. Continue reading
Posted Dec 23, 2017 at Economist's View
26
"Their disdain for ordinary working Americans as opposed to investors, heirs, and business owners runs so deep that they can’t contain it": Republicans Despise the Working Class, by Paul Krugman, NY Times: You can always count on Republicans to do... Continue reading
Posted Dec 15, 2017 at Economist's View
292
What Is Bitcoin Really Worth? Don’t Even Ask. - Robert Shiller What Can Central Banks Do To Manage the Next Financial Crisis? - Ben Bernanke How the MillerCoors joint venture changed competition - Microeconomic Insights What Happens if the Tax... Continue reading
Posted Dec 15, 2017 at Economist's View
326
Social Security Will Be Solvent for the Rest of the Century – Kevin Drum Thousands will die prematurely if the ACA is repealed - Larry Summers Brad DeLong and Charlie Deist on Austrian Economics - Equitable Growth Scam I Am:... Continue reading
Posted Dec 13, 2017 at Economist's View
206
Thomas Piketty: Trump, Macron: same fight. LeMonde: It is customary to contrast Trump and Macron: on one hand the vulgar American businessman with his zenophobic tweets and global warming scepticism; and on the other, the well-educated, enlightened European with his... Continue reading
Posted Dec 11, 2017 at Economist's View
101
Tim Duy: Expect the Fed to Stand By Its 2018 Outlook, by Tim Duy: As the Federal Reserve prepares to hike interest rates at this week’s Open-Market Committee meeting, market participants are bidding up short-term rates -- moving toward the... Continue reading
Posted Dec 11, 2017 at Economist's View
13
Sugar high is the diagnosis, tax cuts are the wrong prescription - Larry Summers Pessimism and Paralysis in the Aftermath of the Financial Crisis - Paul Krugman How much debt do we need? My answer: 70% of GDP - Roger... Continue reading
Posted Dec 11, 2017 at Economist's View
238
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"Less-educated workers are disproportionately likely to move up the job ladder during expansions, but they also slide down during downturns." This is from Dwyer Gunn at the NBER Digest: Exploring the Job Ladder to High-Productivity Firms, NBER Digest: Upward movement... Continue reading
Posted Dec 10, 2017 at Economist's View
12
CHIP ahoy: The Republican War on Children, by Paul Krugman, NY Times: ...The Children’s Health Insurance Program, or CHIP, is basically a piece of Medicaid targeted on young Americans. It was introduced in 1997, with bipartisan support. Last year it... Continue reading
Posted Dec 10, 2017 at Economist's View
26
America’s Broken System - J. Bradford DeLong Facts Have a Well-Known Liberal Bias - Paul Krugman An Economist Explains: How to Sort Facts From Fictions - Justin Wolfers The Principle of Comparative Advantage 200 years on: A new eBook -... Continue reading
Posted Dec 8, 2017 at Economist's View
260