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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Is the universe a hologram? - EurekAlert Unit roots in English and Pictures - John Cochrane Residential real estate in China - Cecchetti & Schoenholtz Whither the inflation target? - Croaking Cassandra Received wisdom in macroeconomics - mainly macro The... Continue reading
Posted 5 hours ago at Economist's View
From the NBER (open link to earlier version): Are Immigrants a Shot in the Arm for the Local Economy?, by Gihoon Hong and John McLaren, NBER Working Paper No. 21123: Most research on the effects of immigration focuses on the... Continue reading
Posted yesterday at Economist's View
18
Why don't prognosticators accept responsibility for their prediction errors?: Nobody Said That, by Paul Krugman, Commentary, NY Times: Imagine yourself as a regular commentator on public affairs — maybe a paid pundit, maybe a supposed expert in some area, maybe... Continue reading
Posted yesterday at Economist's View
44
I am here today: Milken Institute Global Conference: Program Glance Sat, 04/25 05:30 PM - 10:00 PM Global Gourmet Games Reception and Dinner (By invitation only) Sun, 04/26 08:30 AM - 11:30 AM Family Program (By invitation only) 12:00 PM... Continue reading
Posted yesterday at Economist's View
Just What Are the Risks That Alarm Ken Rogoff? - Brad DeLong Why So Many Americans Feel So Powerless - Robert Reich Is Free Trade Good for Everyone? - Richard Green Gorski on critical realism - Understanding Society China may... Continue reading
Posted yesterday at Economist's View
140
This is not a subtweet: This Is Not A Trade Agreement, by Paul Krugman: OK, Greg Mankiw has me puzzled. Has he really read nothing about TPP? Is he completely unaware of the nature of the argument? Personally, I’m a... Continue reading
Posted 2 days ago at Economist's View
76
Simon Wren-Lewis: Mediamacro myth 6: 2013 recovery vindication: The idea that austerity during the first two years of the coalition government was vindicated by the 2013 recovery is so ludicrous that it is almost embarrassing to have to explain why.... Continue reading
Posted 2 days ago at Economist's View
30
Via Diane Coyle, a quote from Alfred Marshall’s Elements of the Economics of Industry: ...He wrote that earlier economists: “Paid almost exclusive attention to the motives of individual action, But it must not be forgotten that economists, like all other... Continue reading
Posted 2 days ago at Economist's View
Choose Your Heterodoxy (Wonkish) - Paul Krugman Why risk is hard to measure - Vox EU Remembrance of Death Spirals Past - Paul Krugman Mediamacro myth 5: the long term plan - mainly macro Wingnut Welfare and Work Incentives -... Continue reading
Posted 2 days ago at Economist's View
117
Labor Force Participation - Max Sawicky Do EITC-type policies work? - Lane Kenworthy Female executives and gender wage gaps - Vox EU The Power of Communication - A Fine Theorem All Institutions, All the Time? - Growth Economics Nonlinearity, Multiple... Continue reading
Posted 3 days ago at Economist's View
228
Interesting paper: No Price Like Home: Global House Prices, 1870-2012, by Katharina Knoll, Moritz Schularic, and Thomas Steger: Abstract: How have house prices evolved over the long‐run? This paper presents annual house prices for 14 advanced economies since 1870. Based... Continue reading
Posted 4 days ago at Economist's View
45
John Cochrane weighs in on the discussion of unit roots: Unit roots, redux: Arnold Kling's askblog and Roger Farmer have a little exchange on GDP and unit roots. My two cents here. I did a lot of work on this... Continue reading
Posted 4 days ago at Economist's View
Nick Bunker: Monopsony and market power in the labor market: We’ve all heard the term “monopoly,” even if it’s just in the context of the board game. But a related term, or even another face of monopoly, is monopsony. A... Continue reading
Posted 4 days ago at Economist's View
19
Some bad ideas just won't die: Zombies of 2016, by Paul Krugman, Commentary, NY Times: Last week,...Chris Christie ... gave a speech in which he tried to position himself as a tough-minded fiscal realist. In fact, however, his supposedly tough-minded... Continue reading
Posted 4 days ago at Economist's View
39
Mediamacro myth 3: the 2007 boom - mainly macro ACA Airbrushing - Paul Krugman Wonks Abandon an Economic Dream - Noah Smith Lenders’ incentives to avoid fire sales - Vox EU The second Earth Day post at this blog -... Continue reading
Posted 4 days ago at Economist's View
155
Can happiness be reduced to a mathematical equation?: Can we predict happiness?, by Robb Rutledge, Max Planck University College London Centre for Computational Psychiatry and Ageing Research: What makes us happy? Well-being researchers have identified many variables related to happiness,... Continue reading
Posted 5 days ago at Economist's View
76
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Robert Hall at Vox EU: This column is a lead commentary in the VoxEU Debate "Secular Stagnation" Secular Stagnation in the US, by Robert E. Hall: The disappointing post-crisis performance of the US economy and even more disappointing performance of... Continue reading
Posted 5 days ago at Economist's View
110
Simon Wren-Lewis is attempting to debunk a series of "mediamacro myths". This is the first in the series: Mediamacro myth 1: 2010 Britain faced a financial crisis: The idea that the Coalition rescued Britain from a crisis is routinely put... Continue reading
Posted 5 days ago at Economist's View
88
Mediamacro myth 2: Labour profligacy - mainly macro A financial transaction tax is a Pigouvian tax! - Jared Bernstein Amazon's Cloud Really Is Disruptive - Bloomberg View On the New Zealand Reserve Bank... - Croaking Cassandra Building better infrastructure with... Continue reading
Posted 5 days ago at Economist's View
80
Rajiv Sethi comments on the charge that Navinder Singh Sarao manipulated prices through "spoofing": Spoofing in an Algorithmic Ecosystem: A London trader recently charged with price manipulation appears to have been using a strategy designed to trigger high-frequency trading algorithms.... Continue reading
Posted 6 days ago at Economist's View
13
Paul Krugman: Airbrushing Austerity: Ken Rogoff weighs in on the secular stagnation debate, arguing basically that it’s Minsky, not Hansen — that we’re suffering from a painful but temporary era of deleveraging, and that normal policy will resume in a... Continue reading
Posted 6 days ago at Economist's View
44
Jared Bernstein: Faster productivity growth would be great. I’m just not at all sure we can count on it to lift middle-class incomes: Recently, a number of economists and commentators have suggested that faster productivity growth would be a big... Continue reading
Posted 6 days ago at Economist's View
80
Mediamacro myth 1: 2010 Britain faced a financial crisis - mainly macro Job Market Is Not Working to Distribute Wealth - NYTimes.com The Republican Recipe for Widening Inequality - NYTimes.com Greek Parallel Currency: How to Do it Properly - EconoMonitor... Continue reading
Posted 6 days ago at Economist's View
154
Olivier Blanchard at Vox EU: Rethinking macroeconomic policy: Introduction, by Olivier Blanchard: On 15 and 16 April 2015, the IMF hosted the third conference on “Rethinking Macroeconomic Policy”. I had initially chosen as the title and subtitle “Rethinking Macroeconomic Policy... Continue reading
Posted 7 days ago at Economist's View
34
Paul Krugman on John Taylor's claim that deviations from his Taylor Rule caused the financial crisis: ...if it’s really that easy for monetary errors to endanger financial stability — if a deviation from perfection so small that it leaves no... Continue reading
Posted 7 days ago at Economist's View
25