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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Tim Duy: Desperately Searching For A New Strategy, by Tim Duy: President-Donald Trump’s renewed call for a 35% import tax on firms that ship jobs out of the United States triggered the expected round of derision from an array of... Continue reading
Posted yesterday at Economist's View
159
When The Ridiculous Is Ominous - Paul Krugman Would you pay to save a job? - Dietrich Vollrath Carrier Commentary - John Cochrane Hitting back - mainly macro An econ theory, falsified - Noahpinion Will Don Trump Listen to Ed... Continue reading
Posted yesterday at Economist's View
156
The Opportunities and Challenges of Fintech - Lael Brainard Trump’s Carrier Deal – Ad Hoc Deal Capitalism - Larry Summers What Went Wrong with Jean-Baptiste - Gloomy European Economist Can the Global Economy Survive a Stronger Dollar? - David Beckworth... Continue reading
Posted 2 days ago at Economist's View
177
Brad DeLong: I think I have to change my mind: Back when Card and Krueger first suggested that there was substantial effective monopsony power in the low-wage labor market and thus that there would be no disemployment effect from (modest)... Continue reading
Posted 3 days ago at Economist's View
61
Be careful what you vote for: Seduced and Betrayed by Donald Trump, by Paul Krugman, NY Times: Donald Trump won the Electoral College (though not the popular vote) on the strength of overwhelming support from working-class whites, who feel left... Continue reading
Posted 3 days ago at Economist's View
76
Dean Baker: Unemployment Rate Falls to 4.6 Percent in November, a New Low for Recovery: The unemployment rate fell to 4.6 percent in November, almost equal to the pre-recession lows in 2007. However, the sharp decline was partly due to... Continue reading
Posted 3 days ago at Economist's View
17
Minimum wage increases and earnings in low-wage jobs - VoxEU Carrier just showed corporations how to beat Donald Trump - Bernie Sanders How firms influence women’s pay relative to men - Card, Cardoso, and Kline Was the 20th century long... Continue reading
Posted 3 days ago at Economist's View
170
Simon Wren-Lewis: Some concrete proposals for economists and the media: You can now listen to my SPERI/New Statesman prize lecture in full here, or even watch it all here. The talk looks at recent UK history, involving austerity and Brexit,... Continue reading
Posted 4 days ago at Economist's View
38
Alexander Naumov at Bank Underground. Global growth: The *old* normal?: “Too slow for too long”, referring to global GDP growth, was the title of a recent IMF publication. But is world economic growth really that slow? Looking at the data... Continue reading
Posted 4 days ago at Economist's View
Larry Summers: The Future of Aid for Health: Yesterday, I gave a keynote speech at the World Innovation Summit for Health on “The Future of Aid for Health”. When I agreed to give the speech, which built on the work... Continue reading
Posted 4 days ago at Economist's View
Picking Losers Isn't a Great Industrial Policy - Justin Fox Does homework work? - OECD Insights The Dollar Trumps Carrier - Brad Setser A View from the Fed - Jerome Powell The Deduction Fairy - The Baseline Scenario What Makes... Continue reading
Posted 4 days ago at Economist's View
141
Dietrich Vollrath: Employment Going South. Literally: From 1990 to 2015, the US economy as a whole increased employment by about 30 million (30,056,664 according to the BLS). Employment in 1990 was 118,900,000, so that meant that there was a roughly... Continue reading
Posted 5 days ago at Economist's View
20
I have a new article at MoneyWatch: Infrastructure, jobs and wages: It's not so simple: Whether Donald Trump implements a major infrastructure rebuilding program remains to be seen, but he has certainly created the expectation that it could happen. The... Continue reading
Posted 5 days ago at Economist's View
28
Gerald E. Scorse: One tax policy Americans yugely favor, The Hill: Nobody likes taxes, but roughly nine out of 10 Americans want income from investments to be taxed at least as much as other income. Republican leaders, tone-deaf,... close their... Continue reading
Posted 5 days ago at Economist's View
19
Is Our Economic Future Behind Us? - Joel Mokyr How Many People Voted Themselves Out of Health Care? - Paul Krugman The Rust Belt demands an answer. What it is? - Jared Bernstein Defending globalisation: Isolation would cost us dearly... Continue reading
Posted 5 days ago at Economist's View
242
Federal Reserve Governor Jerome Powell (for a more optimistic take on the "new normal," see Is Our Economic Future Behind Us? by Joel Mokyr): Recent Economic Developments and Longer-Run Challenges: ...Longer-Run Challenges Productivity and Growth Let's turn to longer-run challenges,... Continue reading
Posted 6 days ago at Economist's View
28
Jayme Wiebold at Regblog: Currency Authority Proposes Ban on Bank Investments in Commercial Metals: In addition to typical banking activities such as issuing home loans and administering savings accounts, should your neighborhood bank be able to buy and trade metals... Continue reading
Posted 6 days ago at Economist's View
Antonio Fatás (I have an article that will post tomorrow that makes a similar point about multipliers over the business cycle): The OECD procyclical revision of fiscal policy multipliers: The OECD just published its November 2016 Global Economic Outlook. Their... Continue reading
Posted 6 days ago at Economist's View
Federal Reserve economic projections: What are they good for? - Ben Bernanke Missing the Economic Big Picture - J. Bradford DeLong Ending Too Big to Fail - Cecchetti & Schoenholtz China’s Dual Equilibria - Brad Setser The Benefits of Mandatory... Continue reading
Posted 6 days ago at Economist's View
142
From the NBER: Immigrants and Firms' Outcomes: Evidence from France, by Cristina Mitaritonna, Gianluca Orefice, and Giovanni Peri, NBER Working Paper No. 22852 Issued in November 2016: In this paper we analyze the impact of an increase in the local... Continue reading
Posted 7 days ago at Economist's View
25
"So how bad will the effects of Trump-era corruption be?": Why Corruption Matters, by Paul Krugman, NY Times: Remember all the news reports suggesting, without evidence, that the Clinton Foundation’s fund-raising created conflicts of interest? Well, now the man who... Continue reading
Posted 7 days ago at Economist's View
108
The Politics of Job Polarization - Simon Johnson Exploding myths about the gig economy - VoxEU When Is Responsible Democratic Governance Possible? - Brad DeLong In India, Black Money Makes for Bad Policy - The New York Times The liberal... Continue reading
Posted 7 days ago at Economist's View
102
Branko Milanovic: A secular religion that lasted one century: The death of Fidel Castro made me think again of the idea that I had for a while about our lack of understanding of what is the place of communism in... Continue reading
Posted Nov 27, 2016 at Economist's View
91
Miles Corak: ...Earnings mobility for children from the very broad middle—parents whose income ranges from the bottom 10 percent all the way to the cusp of the top 10 percent—is not tied strongly to family income. These children tend to... Continue reading
Posted Nov 27, 2016 at Economist's View
13
Tim Duy: On Krugman And The Working Class, by Tim Duy: Paul Krugman on the election: The only way to make sense of what happened is to see the vote as an expression of, well, identity politics — some combination... Continue reading
Posted Nov 27, 2016 at Economist's View
213