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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Dietrich Vollrath: Technology versus the Distribution of Workers in Aggregate Productivity: There was a recent post by an engineer rebutting Robert Gordon’s (and others) thesis that technological change was slowing down. The evidence cited is a series of plots and... Continue reading
Posted 10 hours ago at Economist's View
36
Paul Krugman: When Europe Stumbled: Doing some homework on the European economy... ... What was happening in 2011-2012? Europe was doing a lot of austerity. But so, actually, was the U.S., between the expiration of stimulus and cutbacks at the... Continue reading
Posted yesterday at Economist's View
57
Rescue Helicopters for Stranded Economies - J. Bradford DeLong Everyone Wants to Get Tough on Antitrust Policy, but Not Really - NYTimes Yuliy Sannikov and Continuous Time Dynamic Contracting - A Fine Theorem Campaign Financing Capture: Record Concentration of Donors... Continue reading
Posted yesterday at Economist's View
117
Robert Shiller: Listen Carefully for Signs of the Next Global Recession: Economists are good at measuring the past but inconsistent at forecasting future events, particularly recessions. That’s because recessions aren’t caused merely by concrete changes in the markets. Beliefs and... Continue reading
Posted 2 days ago at Economist's View
24
The fall of the Republican establishment: Wrath of the Conned, by Paul Krugman, Commentary, NY Times: ... Think about where we were a year ago. At the time, Hillary Clinton and Jeb Bush were widely seen as the front-runners for... Continue reading
Posted 2 days ago at Economist's View
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Tim Duy: Warning: Hawkishness Ahead, by Tim Duy: The Fed has proven very dovish since their December rate hike. Tumultuous financial markets gave the Fed doves the upper hand, leading the Fed to pause in it’s “normalization” campaign and cut... Continue reading
Posted 2 days ago at Economist's View
25
Anti-Globalization or Xenophobia? - Caroline Freund Impurity in the Pursuit of Salvation Is No Vice - Paul Krugman Obama's Economic Disappointment - Bloomberg View Kocherlakota on the want of U.S. government debt - MacroMania Why Digital Money Hasn’t Killed Cash... Continue reading
Posted 2 days ago at Economist's View
98
Jim Hamilton: Another weak quarter for U.S. GDP: The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 0.5% annual rate in the first quarter. That’s disappointing, even by standards of the weak growth that has... Continue reading
Posted 3 days ago at Economist's View
41
Kevin Drum: High-Risk Pools Don't Work, Have Never Worked, and Won't Work in the Future: Even among conservative voters, Obamacare's protection of people with pre-existing conditions has always been popular. ... But popular or not, Paul Ryan wants nothing to... Continue reading
Posted 3 days ago at Economist's View
23
From an interview of Joe Stiglitz: ...White: ... To what extent do you feel economist and economic theory is culpable for the crisis? What is the role of an economist going forward? Stiglitz: The prevalent ideology—when I say prevalent it’s... Continue reading
Posted 3 days ago at Economist's View
16
How the Other Fifth Lives - The New York Times Rethinking economics: Cohen and De Long - The Interpreter The basic economics of a guaranteed income - Equitable Growth Financial variables can help identify the output gap - Bank Underground... Continue reading
Posted 3 days ago at Economist's View
101
Output growth has slowed, labor markets and inflation have improved, less concern about the global economy, no rate hike. An increase in the target rate is on the table for June, but far from certain at this point: Press Release,... Continue reading
Posted 4 days ago at Economist's View
23
Some good news from Catherine Rampell: Millennials are increasingly rejecting voodoo economics: As my colleague Max Ehrenfreund noted, the latest youth poll from Harvard’s Institute of Politics suggests that young people are becoming more liberal. Compared with responses from the... Continue reading
Posted 4 days ago at Economist's View
63
Narayana Kocherlakota: The World Needs More U.S. Government Debt: ...The federal government is causing great harm by failing to issue enough debt. ... To some, the idea that the U.S. government isn't issuing enough debt may seem counterintuitive -- after... Continue reading
Posted 4 days ago at Economist's View
56
Robert J. Shiller on Competition, Deception and Rent-Seeking - ProMarket The Mirage of a Return to Manufacturing Greatness - NYTimes Could A Higher Minimum Wage Increase Employment? - EconoSpeak Who's the Threat? Big Business, Big Labor, Big Government? - Tim... Continue reading
Posted 4 days ago at Economist's View
152
Tim Duy: The Fed will stand pat this week. We know it, they know it. So what then will the Fed talk about for two days? The April meeting of the Federal Open Market Committee (FOMC) will be about the... Continue reading
Posted 5 days ago at Economist's View
14
Curious what you think: Police versus Prisons, by Alex Tabarrok: ...The ... United States spends much more per-capita on prison guards than does the rest of the world. Given our prison population, that isn’t surprising. What is surprising is that... Continue reading
Posted 5 days ago at Economist's View
46
Chris Dillow: On multipliers: Richard Murphy writes: [The government and OBR] believe that austerity generates growth and so cuts the deficit. The trouble for them is that all the evidence shows that the opposite is true: cuts shrink national income... Continue reading
Posted 5 days ago at Economist's View
20
At MoneyWatch: How will global trade affect the U.S. elections?, by Mark Thoma: In textbook economic models, adjusting to changes in the economy is deceptively simple. If the labor market suffers a "shock" due, for example, to increased globalization, it... Continue reading
Posted 5 days ago at Economist's View
19
Economics and Self-Awareness - Paul Krugman The Long Game - The Baseline Scenario The Fed's Inflation Fail - Narayana Kocherlakota How Dwindling Fish Stocks Got a Reprieve - The New York Times Is the Road to Hell Paved with Pareto... Continue reading
Posted 5 days ago at Economist's View
218
On the run so no time to pull excerpts -- this is is worth reading. Continue reading
Posted 6 days ago at Economist's View
Are the presidential candidates prepared to handle an economic crisis?: The 8 A.M. Call, by Paul Krugman, NY Times: Back in 2008, one of the ads Hillary Clinton ran during the contest for the Democratic nomination featured an imaginary scene... Continue reading
Posted 6 days ago at Economist's View
121
Is there a new Plaza Accord? - Gavyn Davies The revenge of globalisation’s losers - FT.com In an Age of Privilege, Not Everyone Is in the Same Boat - NYTimes Continue reading
Posted 6 days ago at Economist's View
162
Carola Binder: Presidential Candidates and Fed Accountability: In an interview with Fortune, Donald Trump gave his views on Federal Reserve Chair Janet Yellen, who will come up for reappointment in 2018. "I don’t want to comment on reappointment, but I... Continue reading
Posted 7 days ago at Economist's View