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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Graduation
Posted 5 hours ago at Economist's View
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5
Free, Unregulated Markets are Not Always the Answer: Seven Important Examples of How Markets Can Fail
We are, as they say, live: 7 Important Examples of How Markets Can Fail Not sure what happened, but the second paragraph of the introduction to the column is missing [Update: this is fixded]. It should be: 7 Important Examples... Continue reading
Posted yesterday at Economist's View
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72
Links for 06-18-2013
Time to take basic income seriously? - FT Alphaville Fiscal Headwinds: Is the Other Shoe About to Drop? - FRBSF Corrupted credit ratings: Standard & Poor’s lawsuit - Vox EU Banking, Liquidity and Bank Runs... - Gertler and Kiyotaki The... Continue reading
Posted yesterday at Economist's View
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33
Fed Watch: FOMC Meeting Begins Tomorrow
Tim Duy: FOMC Meeting Begins Tomorrow, by Tim Duy: This week's FOMC meeting is shaping up to be quite the event. Not for the actually policy result itself, which is widely expected to be unchanged, but for the subsequent press... Continue reading
Posted yesterday at Economist's View
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6
Are We There Yet?
Posted yesterday at Economist's View
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20
Paul Krugman: Fight the Future
Why are we so worried about highly uncertain budget projections extending decades into the future when we have very real problems such as high levels of unemployment that need our immediate attention? Fight the Future, by Paul Krugman, Commentary, NY... Continue reading
Posted 2 days ago at Economist's View
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55
Links for 06-17-2013
Multipliers in a monetary union and at the ZLB - mainly macro Russian Cyprus corruption-linked money laundering - Vox EU Is a little bit of inflation just what the doctor ordered? - Neil Irwin Forget Fed-Speak, Look for Growth View... Continue reading
Posted 2 days ago at Economist's View
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35
'Don’t Blame the Work Force'
From today's links: Don’t Blame the Work Force, Editorial Board, NY Times: There is a durable belief that much of today’s unemployment is rooted in a skills gap, in which good jobs go unfilled for lack of qualified applicants. This... Continue reading
Posted 2 days ago at Economist's View
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41
Wall Street is Winning the War against Regulation
Wall Street is successfully resisting attempts to regulate the financial industry: Wall Street is winning the long war against post-crash regulation, by Heidi Moore, guardian.co.uk: ...There are no such things as borders in the world of finance; it's an integrated... Continue reading
Posted 2 days ago at Economist's View
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16
Links for 06-16-2013
Worthwhile Canadian Comparison - Paul Krugman Don’t Blame the Work Force - NYT Why I am a fiscalist - Noahpinion The Not-So-Good Old Days - NYT Saving Abenomics: No Time for Cold Feet on QE - Joe Gagnon Higher government... Continue reading
Posted 2 days ago at Economist's View
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35
'What Sweden Can Tell Us About Obamacare'
Robert Frank: What Sweden Can Tell Us About Obamacare, by Robert Frank, Commentary, NY Times: Last month, for the 37th time, the House of Representatives voted to repeal Obamacare, with many Republicans saying that its call for greater government involvement... Continue reading
Posted 3 days ago at Economist's View
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132
IMF Urges Repeal of 'Ill-Designed' Spending Cuts
In case you missed this, the IMF estimates that economic growth would be nearly double what it is now without the "excessively rapid and ill-designed" government spending cuts: IMF Urges Washington to Repeal ‘Ill-Designed’ Spending Cuts, Reuters: The International Monetary... Continue reading
Posted 3 days ago at Economist's View
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24
Links for 06-15-2013
IMF Urges Washington to Repeal ‘Ill-Designed’ Spending Cuts - NYT Why Bernanke was right to speak out on fiscal policy - mainly macro Auctioning Off the Jobs Report and Economic Efficiency - Dean Baker Fiscalists, Monetarists, Credibility, and Turf -... Continue reading
Posted 4 days ago at Economist's View
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58
Why Do Disability Filings Rise in Bad Times?
Jesse Rothstein finds that the rise in disability filings in recessions is not due to people "exaggerating real disabilities or through outright fraud": Are Long-Term Unemployed Taking Refuge in Disability?, by Ben Casselman, WSJ: The sharp rise in federal disability... Continue reading
Posted 4 days ago at Economist's View
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20
Paul Krugman: Sympathy for the Luddites
If the share of income going to labor continues to decline, how should we respond?: Sympathy for the Luddites, by Paul Krugman, Commentary, NY Times: In 1786, the cloth workers of Leeds, a wool-industry center in northern England, issued a... Continue reading
Posted 5 days ago at Economist's View
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114
Links for 06-14-2013
Fed Likely to Push Back on Market Expectations of Rate Increase - WSJ The Properly-Formulated Bagehot Rule Has Four Parts - Brad DeLong How a Greek drama became a global tragedy - mainly macro Getting More Bang for the Buck... Continue reading
Posted 5 days ago at Economist's View
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51
'The Impact of Immigrants'
From OECD Insights: The impact of immigrants – it’s not what you think, by Brian Keeley: In the land of tabloid terrors, immigrants loom large. Flick through the pages or online comments of some of the racier newspapers, and you’ll... Continue reading
Posted 5 days ago at Economist's View
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18
'The European Central Bank’s Outright Monetary Transactions and the Federal Constitutional Court of Germany'
For those of you interested in the finer details of the legal issues surrpounding ECB government bond purchases, Volker Wieland emails that he has a new note (together with Helmut Siekmann, a law colleague of his and a leading authority... Continue reading
Posted 5 days ago at Economist's View
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22
Fed Watch: Two For Tapering
Posted 5 days ago at Economist's View
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13
'Is This (Still) The Age of the Superstar?'
Paul Krugman comments on the Alan Krueger speech (see the post below this one): Is This (Still) The Age of the Superstar?: This will be a quick piece... Alan Krueger gave a fun talk at the Rock and Roll Hall... Continue reading
Posted 5 days ago at Economist's View
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7
Alan Krueger: Rock and Roll, Economics, and Rebuilding the Middle Class
Transcript Continue reading
Posted 6 days ago at Economist's View
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1
Links for 06-13-2013
The Bond Market Vigilantes Are Still Wrong - Brad DeLong Boy, Is There Ever No Wage Inflation in This Economy - Jared Bernstein Facing up to uncertainty in climate-change economics - Vox EU Reduced Form Financial Econometric Models - No... Continue reading
Posted 6 days ago at Economist's View
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46
'They Can’t Help Themselves'
Paul Krugman: Insurance Tyranny: Many of us wish that Obamacare were a simpler system... Political reality, unfortunately, ensured that many people will receive coverage from private insurers, selling policies — often with subsidies — on the "exchanges". And naturally enough,... Continue reading
Posted 6 days ago at Economist's View
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56
Hacker: Reinvigorate the Center-Left through Predistribution
Jacob Hacker: How to reinvigorate the centre-left? Predistributionm by Jacob Hacker, guardian.co.uk: ... Center-left progressives seem to have lost their ability to provide a clear alternative to either current conservative nostrums, or the "third way" many of them staked out... Continue reading
Posted 6 days ago at Economist's View
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120
Links for 06-12-2013
Is Apple harming the feature innovation ecosystem? - Digitopoly The effects of broadband internet on political participation - Vox EU Why Isn’t Disruptive Technology Lifting Us Out of the Recession? - Brookings Update on the Yield Curve - Econbrowser The... Continue reading
Posted 6 days ago at Economist's View
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99
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