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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
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Tim Duy: Solid Start to September, by Tim Duy: The ISM manufacturing report came in ahead of expectations with the strongest number since 2011: Moreover, strength was evident throughout the internal components: Note too that the report is consistent with... Continue reading
Posted 5 hours ago at Economist's View
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At MoneyWatch: How to shock the U.S. economy back to life, by Mark Thoma: During the Great Recession, U.S. gross domestic production -- the nation's total output of goods and services -- dropped below the trend rate of growth that... Continue reading
Posted 8 hours ago at Economist's View
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I have a new column: Objections to Fiscal Policy are Groundless—It Works: One of the more controversial policies instituted in an attempt to stimulate the economy out of the Great Recession was the $816.3 billion fiscal stimulus package enacted just... Continue reading
Posted 9 hours ago at Economist's View
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Tim Duy: Fed Positioning to Normalize Policy, by Tim Duy: With the leaves turning to gold signaling the end of summer, so too will the Fed be facing its own change of seasons as quantitative easing comes to an end.... Continue reading
Posted 16 hours ago at Economist's View
Hard money is not a mistake - interfluidity Inflation, Septaphobia, and the Shock Doctrine - Paul Krugman Back to College, the Only Gateway to the Middle Class - Robert Reich Is America's health care underperformance a myth? - Noahpinion Margaret... Continue reading
Posted 17 hours ago at Economist's View
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Justin Fox: What Unions No Longer Do, by Justin Fox: Forty years ago, about quarter of American workers belonged to unions, and those unions were a major economic and political force. Now union membership is down to 11.2% of the... Continue reading
Posted yesterday at Economist's View
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Good news on health care costs: The Medicare Miracle, By Paul Krugman, Commentary, NY Times: So, what do you think about those Medicare numbers? What, you haven’t heard about them? Well, they haven’t been front-page news. But something remarkable has... Continue reading
Posted yesterday at Economist's View
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Bond market conundrum redux - Econbrowser Stopping Europe's Descent Into Deflation - Bloomberg View More Workers Are Claiming ‘Wage Theft’ - NYTimes.com Commodity Prices: Financialization or Supply/Demand? - Michael Roberts Why central banks need to say more about the path... Continue reading
Posted yesterday at Economist's View
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Joe Stiglitz in a review of Martin Wolf's new book "The Shifts and the Shocks": ... If I have a point of difference with Wolf’s analysis, it is that he ... is insufficiently critical of the “savings glut” hypothesis advanced... Continue reading
Posted 2 days ago at Economist's View
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Olivier Blanchard (a much shortened version of his arguments, the entire piece is worth reading): Where Danger Lurks: Until the 2008 global financial crisis, mainstream U.S. macroeconomics had taken an increasingly benign view of economic fluctuations in output and employment.... Continue reading
Posted 2 days ago at Economist's View
Scylla, Charybdis, and the Euro - Paul Krugman What does Real GDP Measure? - Growth Economics The ECB and the Bundesbank - mainly macro What is driving the ‘African growth miracle’? - vox The Economic Value of Treating Workers Humanely... Continue reading
Posted 2 days ago at Economist's View
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Dan Little: Incarceration society: It is becoming increasingly clear that the criminal justice system is an important component of the system of race in the United States today. Michelle Alexander's important book The New Jim Crow: Mass Incarceration in the... Continue reading
Posted 3 days ago at Economist's View
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I have interviews with Peter Diamond and Edmund Phelps available here and here, and an interview I did with Lars Hansen should be available later this week. All are from the Nobel Meetings in Economics at Lindau, Germany last week.... Continue reading
Posted 3 days ago at Economist's View
Where Danger Lurks - Olivier Blanchard Martin Wolf’s ‘The Shifts and the Shocks’ - Joe Stiglitz Germany's Sin - Paul Krugman What does Real GDP Measure? - Growth Economics The Secular Stagnation Controversy - Tim Taylor The ECB and the... Continue reading
Posted 3 days ago at Economist's View
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Why didn't François Hollande reverse austerity policies in France?: The Fall of France, by Paul Krugman, Commentary, NY Times: François Hollande, the president of France since 2012, coulda been a contender. He was elected on a promise to turn away... Continue reading
Posted 4 days ago at Economist's View
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Eurozone delusions - mainly macro Baking the Data Layer - Digitopoly The Cause of Secular Stagnation? - Econbrowser US economy: ‘pent up wage deflation’ blues - Gavyn Davies Lessons of the Great Depression for the Eurozone - mainly macro China's... Continue reading
Posted 4 days ago at Economist's View
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There seems to be a problem with embedding this video -- it's here: Repugnant Markets and Prohibited Transactions Continue reading
Posted 5 days ago at Economist's View
Brad DeLong: When Do We Start Calling This “The Greater Depression”?: We started by calling it the financial crisis of 2007. Then it became the financial crisis of 2008. Next it was the downturn of 2009-2009. By the middle of... Continue reading
Posted 5 days ago at Economist's View
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Does Economics Education Teach Students to Trust? - Tim Taylor Quantitative Easing, and Intellectual Coordination Failures - Brad DeLong Economics Isn't Science or Literature - Bloomberg View What's The Matter With France? - Paul Krugman Dethrone ‘King Dollar’ - NYTimes.com Continue reading
Posted 5 days ago at Economist's View
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This is from Edward S. Knotek II and Saeed Zaman of the Cleveland Fed: On the Relationships between Wages, Prices, and Economic Activity: Labor costs and labor compensation have garnered considerable attention from economists in the wake of the financial... Continue reading
Posted 6 days ago at Economist's View
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Simon Wren-Lewis (a bit technical): Filling the gap: monetary policy or tax cuts or government spending: Suppose there is a shortfall in aggregate demand associated with a rise in involuntary unemployment in a simple closed economy with no capital. Do... Continue reading
Posted 6 days ago at Economist's View
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From Michael Mazerov of the CBPP: More Evidence That State Income Taxes Have Little Impact on Interstate Migration: The New York Times’ Upshot blog has published a fascinating set of graphs of Census Bureau data on interstate migration patterns since... Continue reading
Posted 6 days ago at Economist's View
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State Income Taxes Have Little Impact on Interstate Migration - CBPP This time is different, long-term unemployment edition - FT Alphaville Housing, Productivity, and Nerds - Growth Economics More Thoughts on Ending the Corporate Income Tax - Beat the Press... Continue reading
Posted 6 days ago at Economist's View
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[Still on the road ... three quick ones before another long day of driving.] David Leonhardt: A New Reason to Question the Official Unemployment Rate: ...A new academic paper suggests that the unemployment rate appears to have become less accurate... Continue reading
Posted 7 days ago at Economist's View
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Justin Fox Who Pays Corporate Taxes? Possibly You: Who pays corporate income taxes? Just one thing’s for sure: it’s not corporations. ... For a long time it was thought the owners paid the tax. That belief can be traced largely... Continue reading
Posted 7 days ago at Economist's View
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