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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
"Breaking up or degrading Nafta would have the same disruptive effects that came from Nafta’s creation": Trump, Trade and Tantrums, by Paul Krugman, NY Times: Everyone here wants to know what’s going to happen to Nafta — the North American... Continue reading
Posted yesterday at Economist's View
124
Tim Duy: Incoming Data Supportive of December Rate Hike: If we ignore inflation, then nothing is really standing in the way of a rate hike in December. Of course, given that arguably the primary job of a central bank is... Continue reading
Posted 2 days ago at Economist's View
37
Oil Price Pass-Through into Core Inflation - FRB A Stock Market Panic Like 1987 Could Happen Again - Robert Shiller How Ill a Wind? Hurricanes' Impacts on Employment and Earnings - macroblog Forecast errors compared - mainly macro Netflix and... Continue reading
Posted 2 days ago at Economist's View
132
Will Republican economists associate with Hassett’s analysis? - Larry Summers Why the Trade Deficit Matters, and What Trump Can Do About It - NYTimes Intellectual Property for the 21st Economy - Stiglitz, Baker, and Jayadev Wither coal (despite all attempts... Continue reading
Posted 3 days ago at Economist's View
142
"A strategy based entirely on lies": The G.O.P. Is No Party for Honest Men, by Paul Krugman, NY Times: According to a new CBS News poll, almost 60 percent of the American public believes that the current Republican tax plan... Continue reading
Posted 5 days ago at Economist's View
77
Tim Duy: Is The Fed Setting Itself Up To Fail In The Next Recession?: The Federal Reserve remains committed to a December rate hike, persistent low inflation not withstanding. With unemployment below Fed estimates of its longer-run natural rate, most... Continue reading
Posted 5 days ago at Economist's View
128
Subsidies, Spite, and Supply Chains - Paul Krugman Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies - Paul Krugman The U.S. Economy and Monetary Policy - Janet Yellen FedViews - FRBSF Has the Wage Phillips Curve Gone Dormant?... Continue reading
Posted 5 days ago at Economist's View
129
"The betrayal and abandonment of three and a half million of our own people": Let Them Eat Paper Towels, by Paul Krugman, NY Times: The situation in Iowa remains horrifying. More than a third of the population has been without... Continue reading
Posted Oct 13, 2017 at Economist's View
93
Rethinking Monetary Policy in a New Normal - Lael Brainard Independent Workers and Policy: Krueger's Moynihan Lecture - Tim Taylor The ubiquitous Spanish dollar—a photo essay - Moneyness Ten years after the crisis: Looking back, looking forward - VoxEU Monetary... Continue reading
Posted Oct 13, 2017 at Economist's View
213
There is a conference on Rethinking Macroeconomic Policy "coordinated by Olivier Blanchard ...and Lawrence H. Summers..." taking place today and tomorrow (wanted to go, but couldn't). "Academic experts and policymakers will address the challenges to macroeconomic thinking and policymaking that... Continue reading
Posted Oct 12, 2017 at Economist's View
120
No Better Than The Rest of Us - Tim Duy Puerto Rico, Trump and Taxes - Paul Krugman The Demise of Dollar Diplomacy? - Barry Eichengreen Inequality: Fiscal Policy Can Make the Difference - IMF Blog The impact of austerity... Continue reading
Posted Oct 11, 2017 at Economist's View
157
Tim Duy: Kevin Warsh, Very Serious Person, by Tim Duy: Scott Sumner is perplexed by Fed chair candidate Kevin Warsh. He reads the 2010 FOMC transcripts and finds Warsh explaining: First, my views on policy. As I said when we... Continue reading
Posted Oct 10, 2017 at Economist's View
23
Growth Without Industrialization? - Dani Rodrik Rationality and Rabbit Holes - Paul Krugman Formal Jobs and Decent Work - Tim Taylor Why Big Cities Thrive, and Smaller Ones Are Being Left Behind - NYTimes Centrists - become Marxists - Stumbling... Continue reading
Posted Oct 10, 2017 at Economist's View
66
"Virginia is now the most important place on the U.S. political landscape": Virginia Is for Haters, by Paul Krugman, NY Times: ...If you want to understand why policies toward the poor are so different at the state level..., one predictor... Continue reading
Posted Oct 10, 2017 at Economist's View
14
Thomas Piketty: Suppression of the wealth tax: an historical error, by Thomas Piketty: Let it be said at once: the suppression of the wealth tax (Impôt sur la Fortune or ISF) constitutes a serious moral, economic and historical mistake. This... Continue reading
Posted Oct 10, 2017 at Economist's View
Richard Thaler: The 2017 Nobel Prize in Economics - Tim Taylor Nobel Prize awarded to Richard Thaler - Tyler Cowen Richard Thaler Wins Nobel! - Alex Tabarrok And the 2017 Economics Nobel Prize goes to ... - Roger E. A.... Continue reading
Posted Oct 9, 2017 at Economist's View
113
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Tim Duy: On Track For a December Rate Hike, by Tim Duy: The headline figure on nonfarm payrolls report came in well below already withered expectations, but the disappointment was more than compensated for in the details of both the... Continue reading
Posted Oct 9, 2017 at Economist's View
"The Fed, which sets monetary policy, is by far our most important economic agency": Will Trump Trumpify the Fed?, by Paul Krugman, NY Times: By all accounts, Rex Tillerson has demoralized and degraded the State Department to the point of... Continue reading
Posted Oct 6, 2017 at Economist's View
221
The Transfer Problem and Tax Incidence (Insanely Wonkish) - Paul Krugman Household Survey Points to New Low in Unemployment Rate - Dean Baker The administration attacks the scorekeepers - Jared Bernstein Guns and votes - VoxEU Undermining the Rule of... Continue reading
Posted Oct 6, 2017 at Economist's View
148
Tim Duy: Hurricanes Help Boost Data While Powell Reportedly Rises to The Top of The Pack, by Tim Duy: The ISM manufacturing report for September came in stronger than expected. To be sure, hurricane impacts accounted for some of the... Continue reading
Posted Oct 4, 2017 at Economist's View
25
Why don't tax cuts boost growth? - Growth Economics Politics in the Way of Progress - J. Bradford DeLong How AI Could Change Amazon: A thought experiment – Digitopoly The Devil You Know vs The Market For Lemons - Nick... Continue reading
Posted Oct 3, 2017 at Economist's View
167
"In broad outlines, the tax story is a lot like health care": Republicans, Trapped by Their Flimflam, by Paul Krugman, NY Times: Last week the Trump administration and its congressional allies working on tax reform achieved something remarkable. They released... Continue reading
Posted Oct 3, 2017 at Economist's View
12
Mergers Are Bad for Innovation - ProMarket Shifts Get Real: Understanding the GOP's Policy Quagmire - Paul Krugman China’s Exchange Rate Policies and U.S. Financial Markets - FRBSF #ILookLikeAnEconomist and so do you … – macromom blog The gender disparity... Continue reading
Posted Oct 2, 2017 at Economist's View
127