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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
The Real Trump Agenda: Helping Big Business - John Cassidy Macro Musings Podcast: James Bullard - David Beckworth Brexit: Whither the Pound? - FRBSF How Best to Tax Business - Greg Mankiw The False Promise of Protectionism - Douglas Irwin... Continue reading
Posted yesterday at Economist's View
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I am here today: AGENDA 8:45 a.m. Welcoming Remarks and Introduction: John C. Williams, President, Federal Reserve Bank of San Francisco 9:00 a.m. Speaker: Lawrence H. Summers, Harvard University Interviewer: David Wessel, Brookings Institution 10:30 a.m. Robert E. Hall, Stanford... Continue reading
Posted 2 days ago at Economist's View
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Kevin Drum: Trump's Tax Cut Plan Will... Pay... For... Itself!: ...Treasury Secretary Steven Mnuchin said ... tax cuts ... would come close to recouping all of the lost revenue from the dramatic rate reductions.... “The plan will pay for itself... Continue reading
Posted 2 days ago at Economist's View
33
If they persist in trying to fit the balloon in the box, eventually it will pop: The Balloon, the Box and Health Care, by Paul Krugman, NY Times: Imagine a man who for some reason is determined to stuff a... Continue reading
Posted 2 days ago at Economist's View
251
Prudential regulation, capital controls, and second-best - Dani Rodrik Regulators Accuse Subprime Mortgage Servicer of Years of Abuses - NYTimes Evidence-Based Policy in Antitrust - ProMarket America is Regressing into a Developing Nation for Most People - INET Want to... Continue reading
Posted 2 days ago at Economist's View
70
Simon Wren-Lewis: GE2017: Why economic facts will be ignored once again: In 2015, the Conservatives spun the line that Labour profligacy had messed up the economy, and they had no choice but to clear up the mess. In short, austerity... Continue reading
Posted 3 days ago at Economist's View
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International Effects of Recent Policy Tightening - Stan Fischer The St. Louis Fed's Macroeconomic Outlook - MacroMania What do Environmental and Resource Economists Think? - Haab and Whitehead Chinese Investment Scandal Highlights ‘Shadow Banking’ Risks - New York Times The... Continue reading
Posted 3 days ago at Economist's View
182
"Lately, various Committee members ... and Chair Yellen ... have discussed the symmetry about the Committee's inflation target. Our evidence suggests that the message may not have quite sunk in yet." Or perhaps the message did sink in, but wasn't... Continue reading
Posted 4 days ago at Economist's View
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Paul Krugman reviews This is Our Fight: The Battle to Save America’s Middle Class, By Elizabeth Warren, Metropolitan Books/Henry Holt & Company: Elizabeth Warren Lays Out the Reasons Democrats Should Keep Fighting: ...Elizabeth Warren ... brings an edge to her... Continue reading
Posted 4 days ago at Economist's View
103
Jared Bernstein: Supply-side, trickle-down nonsense on the NYT oped page: There’s a robust debate to be had as to why the NYT published this op-ed on the alleged economic benefits of trickle-down tax cuts, as virtually every paragraph touts an... Continue reading
Posted 4 days ago at Economist's View
40
Inequality or poverty - mainly macro Inequality in France - Thomas Piketty Trade, redistribution, and social dumping - Dani Rodrik Ricardo and comparative advantage at 200 - Douglas Irwin Impact of immigration barriers on native workers - VoxEU Aggregate Productivity... Continue reading
Posted 4 days ago at Economist's View
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Tim Duy: Autos Drag Down Industrial Production, Housing Solid, by Tim Duy: The Federal Reserve released March industrial production data today. Overall production was up 0.5% supported by a big jump in utilities. Despite the headline gains, it was something... Continue reading
Posted 5 days ago at Economist's View
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An FRBSF Economic Letter from ÒscarJordà, Moritz Schularick, and Alan M. Taylor: Monetary Policy Medicine: Large Effects from Small Doses?: Making sure the economy operates at full employment without triggering inflation is tricky. Price stability can conflict with supporting a... Continue reading
Posted 5 days ago at Economist's View
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Don't Appoint Clones to the Fed - Narayana Kocherlakota Should professors tell students exactly what they expect? - Frances Woolley Monetary Policy Expectations and Surprises - Stanley Fischer Revisiting Market Liquidity - Cecchetti & Schoenholtz Middle-Class Americans’ Big Stake in... Continue reading
Posted 5 days ago at Economist's View
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Tim Duy: Fed Looking Forward to the Second Quarter, by Tim Duy: First quarter growth is likely to fall flat - at least that is the signal from numerous forecasters and the Atlanta Fed. But what does it mean for... Continue reading
Posted 6 days ago at Economist's View
29
Mary Amiti and Caroline Freund atthe NY Fed's Liberty Street Economics: U.S. Exporters Could Face High Tariffs without NAFTA: An underappreciated benefit of the North American Free Trade Agreement (NAFTA) is the protection it offers U.S. exporters from extreme tariff... Continue reading
Posted 6 days ago at Economist's View
20
"Why aren’t promises to save service jobs as much a staple of political posturing as promises to save mining and manufacturing jobs?": Why Don’t All Jobs Matter?, by Paul Krugman, NY Times: President Trump is still promising to bring back... Continue reading
Posted 6 days ago at Economist's View
185
China’s tetralemma - Econbrowser Supply-Side Economics, but for Liberals - New York Times When journalism becomes propaganda - mainly macro The Economics of Horseshoe Crab Blood - Tim Taylor Economists found something surprising... - Digitopoly How wrong is IBD on... Continue reading
Posted 7 days ago at Economist's View
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From a ProMarket interview with Anat Admati: ... Q: The World Economic Forum has called for “reimagining” and “reforming” capitalism. To what extent is this need for reform the result of disruption brought by technological change, globalization, and immigration and... Continue reading
Posted Apr 15, 2017 at Economist's View
40
Making the Reserve Bank a “people's bank” - Nicholas Gruen Why the 101 model doesn't work for labor markets - Noahpinion How Many Americans Go Hungry? - Jayson Lusk The Hollowing Out of Middle-Skilled Labor Share of Income – IMF... Continue reading
Posted Apr 15, 2017 at Economist's View
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With the extent to which Trump is cashing in on his presidency, I suppose we could say the buck stops at the White House. Trump doesn't seem to understand that's true more broadly: Can Trump Take Health Care Hostage?, by... Continue reading
Posted Apr 14, 2017 at Economist's View
138
Working, Earning, and Learning In the Age of Intelligent Machines - Brad DeLong Henry Farrell on economists and austerity - mainly macro On "mainstream" economics - Stumbling and Mumbling Drivers of Declining Labor Share of Income – IMF Blog Designed... Continue reading
Posted Apr 14, 2017 at Economist's View
140
Ben Bernanke: ...the Fed and other central banks cannot ignore the risks created by a low level of “normal” interest rates, which in turn limit the scope for interest-rate cuts. A wide-ranging discussion of alternative policy approaches would thus be... Continue reading
Posted Apr 13, 2017 at Economist's View
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Enrico Rubolino and Daniel Waldenström at VoxEU: Tax reforms and top incomes: The link between tax progressivity and the income distribution is the subject of intense debate. This column presents new evidence from tax reforms during the 1980s and 1990s... Continue reading
Posted Apr 13, 2017 at Economist's View
29
The French, Ourselves - Paul Krugman When Did China “Manipulate” Its Currency? - Brad Setser The De-Electrification of the U.S. Economy - Bloomberg View Economists are arguing over how their profession messed up - Washington Post Here's One More Thing... Continue reading
Posted Apr 13, 2017 at Economist's View
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