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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
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 9 hours ago at Economist's View
13
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 18 hours ago at Economist's View
71
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 19 hours ago at Economist's View
56
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 yesterday at Economist's View
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Jim Hamilton: How will Saudi Arabia respond to lower oil prices?: Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in... Continue reading
Posted yesterday at Economist's View
19
The Civility Whine - Paul Krugman The problem of riches - Paul Segal When a Stock Market Theory Is Contagious - Robert Shiller China can benefit from a generous unfunded pension system - vox The Underworld of Finance: Welcome to... Continue reading
Posted yesterday at Economist's View
76
Dietz Vollrath: The Slowdown in Reallocation in the U.S.: One of the components of productivity growth is reallocation. From one perspective, we can think about the reallocation of homogenous factors (labor, capital) from low-productivity firms to high-productivity firms, which includes... Continue reading
Posted 2 days ago at Economist's View
26
Yep: ... Interestingly enough..., now that the deficit is shrinking in large part due to a growing economy—not the other way around—the deficit fetishists seem to have grown silent. Simpson and Bowles are suddenly quiet, and John Boehner is riding... Continue reading
Posted 2 days ago at Economist's View
15
Clifford Asness Smackdown - Brad DeLong Inflation Derp Abides - Paul Krugman 5 Reasons to Worry About Deflation - WSJ Amity Shlaes Wrong and Proud on Economy -- NYMag Econometrics, open science, and cryptocurrency - interfluidity Market economics means more... Continue reading
Posted 2 days ago at Economist's View
104
It's a person named Deborah Frisch. She has some serious problems, and I feel very sorry for her. She was treated poorly many years ago (probably not too hard to find on Google), but it's no excuse to lash out like she does...
1 reply
Janet Yellen at the Conference on Economic Opportunity and Inequality, FRB Boston, Boston: Perspectives on Inequality and Opportunity from the Survey of Consumer Finances, by Janet Yellen, Chair, FRB: The distribution of income and wealth in the United States has... Continue reading
Posted 3 days ago at Economist's View
54
Making Wall Street Work for Main Street - Brad DeLong Debt Is (NOT) Hitting Its Limits - Beat the Press Fiscal policy should not be decided by simplistic rules - Martin Wolf Safety Net Cut Poverty Nearly in Half Last... Continue reading
Posted 4 days ago at Economist's View
84
Market fundamentalists should listen to what markets are saying: What Markets Will, by Paul Krugman, Commentary, NY Times: ... We have been told repeatedly that governments must cease and desist from their efforts to mitigate economic pain, lest their excessive... Continue reading
Posted 4 days ago at Economist's View
58
Tim Taylor on why textbooks cost so much: Thoughts on High-Priced Textbooks: High textbook prices are a pebble in the shoe of many college students. Sure, it's not the biggest financial issue they face, But it's a real and nagging... Continue reading
Posted 4 days ago at Economist's View
49
Here are the conclusions to Regret and economic decision-making: Conclusions We are clearly a long way from fully understanding how people behave in dynamic contexts. But our experimental data and that of earlier studies (Lohrenz 2007) suggest that regret is... Continue reading
Posted 4 days ago at Economist's View
What's behind Declining Labor Force Participation? - macroblog Regret and economic decision-making - vox Don't Panic --- Yet! - Roger Farmer Rate expectations change faster than the data - FT.com How Do Liquidity Conditions Affect U.S. Bank Lending? - Liberty... Continue reading
Posted 4 days ago at Economist's View
42
Brad DeLong wonders why Cliff Asness in clinging to a theoretical model that has clearly been rejected by the data: ... What is not normal is to claim that your analysis back in 2010 that quantitative easing was generating major... Continue reading
Posted 4 days ago at Economist's View
39
A nice collection of essays on inequality and what can be done about it by Heather Boushey, Emmanuel Saez, Michael Ettlinger, and Fiona Chin: Understanding economic inequality and growth at the top of the income ladder For example, from Saez:... Continue reading
Posted 5 days ago at Economist's View
93
Jordan Weissmann asks Piketty about the IGM poll: No, Mainstream Economists Did Not Just Reject Thomas Piketty’s Big Theory, by Jordan Weissmann: ...the University of Chicago’s Initiative on Global Markets ... asked economists whether they agreed or disagreed with the... Continue reading
Posted 5 days ago at Economist's View
Public spending increased life expectancy in eastern Germany: Three hours of life per euro, EurekAlert: Public spending appears to have contributed substantially to the fact that life expectancy in eastern Germany has not only increased, but is now almost equivalent... Continue reading
Posted 5 days ago at Economist's View
Josh Bivens has an adjective quibble: Adjective Quibble: The Long-Term Unemployment Rate is NOT “Sticky” or “Stubborn”: A Wall Street Journal blog post this morning describes an Obama administration initiative to combat long-term unemployment. In the opening sentence, the author... Continue reading
Posted 5 days ago at Economist's View
41
Biagio Bossone and Richard Wood To G-20 Leaders: Urgent Need to Boost Demand in the Eurozone: The economies in the Eurozone are continuing to slide into recession and depression. Senior officials of G-20 countries (including those in Australia, the host... Continue reading
Posted 5 days ago at Economist's View
14
The State of Macro, Six Years Later - Paul Krugman Why I Care about Inequality - Growth Economics Fed Is Silent on Doomsday Book - NYTimes.com Three ways of understanding the world - Noahpinion Short-run impulsiveness versus long-run impatience -... Continue reading
Posted 5 days ago at Economist's View
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