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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Incomplete Contracts (Video) - Oliver Hart Political Interests Play a Major Role in Bank Bailouts- ProMarket Who Does Business Represent? - Ricardo Hausmann Wind Power a Growing Force in Oil Country - Dallas Fed A “dark side” to the commodity... Continue reading
Posted 4 hours ago at Economist's View
14
Daniel Carroll and Nick Hoffman of the Cleveland Fed: New Data on Wealth Mobility and Their Impact on Models of Inequality: Wealth inequality, the unequal distribution of assets across households, has been rising for decades. However, this statistic alone gives... Continue reading
Posted yesterday at Economist's View
Chris Dillow: Why libertarians should read Marx: Kristian Niemietz says he can’t be bothered to read Marx. Can I try and convince him otherwise? For one thing, I suspect libertarians like him would be surprised by a lot of Marx.... Continue reading
Posted yesterday at Economist's View
52
An Assessment of Financial Stability in the United States - Stanley Fischer China’s WTO entry benefits US consumers - VoxEU Sociology of life expectations - Understanding Society When Cutting Access to Health Care, There’s a Price to Pay - NYTimes... Continue reading
Posted yesterday at Economist's View
204
When Growth is not Enough - Ben S. Bernanke Unemployment insurance and reservation wages - VoxEU Has the Dollar Become More Sensitive to Interest Rates? - FRBSF CBO: Senate Bill Would Raise Premiums, Deductibles, or Both for Most - CBPP... Continue reading
Posted 2 days ago at Economist's View
393
From the AEA research highlights: An empirical turn in economics research: Over the past few decades, economists have increasingly been cited in the press and sought by Congress to give testimony on the issues of the day. This could be... Continue reading
Posted 3 days ago at Economist's View
35
Thomas Piketty: Will Macron’s Marchers take power?: With over 350 seats, the MPs elected on the « La république en marche » (LREM) ticket will have an overwhelming majority in the Assemblée Nationale (Parliament). Will they use it to be... Continue reading
Posted 3 days ago at Economist's View
Alex Haberis, Richard Harrison and Matt Waldron at Bank Underground: The Forward Guidance Paradox: In textbook models of monetary policy, a promise to hold interest rates lower in the future has very powerful effects on economic activity and inflation today.... Continue reading
Posted 3 days ago at Economist's View
What Was the Industrial Revolution? - NBER Recent Developments in Cointegration - Dave Giles The falling elasticity of global trade to economic activity - VoxEU Low Productivity Growth: The Capital Formation Link - Liberty Street Economics Understanding Income Risk: New... Continue reading
Posted 3 days ago at Economist's View
115
From Vox EU: W. Arthur Lewis and the tradeoffs of economics and economists, by Ravi Kanbur, VoxEU: There is nothing new under the sun. The passionate political economy discourses of today consume us entirely. But they are in fact perennials,... Continue reading
Posted 4 days ago at Economist's View
58
Working but poor - Lane Kenworthy 'Magical' warfare technologies and the persistence of false beliefs - VoxEU A case against austerity - Stumbling and Mumbling Brexiteers versus Economists one year on - mainly macro Financial constraints and nominal rigidities -... Continue reading
Posted 4 days ago at Economist's View
191
Paul Krugman: Pure Class Warfare, With Extra Contempt: The Senate version of Trumpcare – the Better Care Reconciliation Act – is out. The substance is terrible: tens of millions of people will experience financial distress if this passes, and tens... Continue reading
Posted 6 days ago at Economist's View
161
Robert Shiller: In Long Run, There’s No Such Thing as an Einstein Investor, NY Times: There are no easy answers in investing. It is tempting to replicate a successful strategy — one created by an outstanding investor, like Warren Buffett,... Continue reading
Posted 6 days ago at Economist's View
20
Conversation: David Weil - Equitable Growth Development Effects of the Extractive Colonial Economy - A Fine Theorem Shedding (night-time) light on the local resource curse - VoxEU Cyber attacks: An economic policy challenge - VoxEU The Story of Robert Keayne,... Continue reading
Posted 7 days ago at Economist's View
175
Tim Duy: Fed's Labor Market Forecasts Don't Make Sense, by Tim Duy: The Federal Reserve’s unemployment forecast doesn’t add up. It is neither consistent with the median of policy makers’ growth forecasts nor consistent with Chair Janet Yellen’s description of... Continue reading
Posted 7 days ago at Economist's View
54
Why you should never use the Hodrick-Prescott filter - VoxEU Is the Fed being misguided by the Phillips curve? - Equitable Growth Intergenerational mobility and preferences for redistribution - VoxEU Low Interest Rates and Bank Profits - Liberty Street Economics... Continue reading
Posted 7 days ago at Economist's View
196
From the Federal Reserve Bank of Richmond: Does the Fed Have a Financial Stability Mandate?, by Renee Haltom and John A. Weinberg, FRB Richmond: The 2007–08 financial crisis and the Fed's unprecedented response raised new questions about the Fed's role... Continue reading
Posted Jun 21, 2017 at Economist's View
(Starts at 7:00 min. The sound is a bit buzzy.) Continue reading
Posted Jun 21, 2017 at Economist's View
Seattle’s Minimum Wage Experience 2015-16 - IRLE Don’t Raise the Debt Limit—Repeal It - WSJ Fisticuffs Over the Route to a Clean-Energy Future - NYTimes Selecting for Corbynism - Stumbling and Mumbling The Blockchain Is Going to Revolutionize Central Banking... Continue reading
Posted Jun 21, 2017 at Economist's View
336
Tim Taylor: Unions in Decline: Some International Comparisons: Union membership and clout has been dropping in the US economy for decades. But it's not just a US phenomenon: a similar drop is happening in many high-income countries. The OECD Employment... Continue reading
Posted Jun 20, 2017 at Economist's View
34
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This is an FRBSF Economic Letter by Jens H.E. Christensen and Glenn D. Rudebusch: New Evidence for a Lower New Normal in Interest Rates: The general level of U.S. interest rates has gradually fallen over the past few decades. In... Continue reading
Posted Jun 20, 2017 at Economist's View
92
Congress can’t pretend tax cuts pay for themselves - Brookings Institution Unions, Workers, and Wages at the Peak of the Labor Movement - NBER The Blockchain Is Going to Revolutionize Central Banking - ProMarket Congress can’t pretend tax cuts pay... Continue reading
Posted Jun 20, 2017 at Economist's View
164
I have a new column: Trump’s Apprenticeships are Based upon a Problem That Doesn’t Exist: Last week the Trump administration announced “a workforce training initiative focused on skill-based apprenticeship education” with a goal of creating one million apprenticeships over the... Continue reading
Posted Jun 19, 2017 at Economist's View
112
"The one obvious payoff to taking health care away from millions: a big tax cut for the wealthy": Zombies, Vampires and Republicans, by Paul Krugman, NY Times: Zombies have long ruled the Republican Party. ... What are these zombies of... Continue reading
Posted Jun 19, 2017 at Economist's View
164
Are High Rents Inevitable? - The Regulatory Review The commercial value of news in the internet era - VoxEU Hayek and Rational Expectations - Uneasy Money Amazon vs. Walmart - Economic Principals Central bank communication strategies - VoxEU Continue reading
Posted Jun 19, 2017 at Economist's View
113