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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Antonio Fatás: Secular stagnation or secular boom?: The notion that some countries are caught in a long and protracted period of low growth ... has been labeled "secular stagnation". The pessimism that the idea of secular stagnation has created has... Continue reading
Posted yesterday at Economist's View
20
Robert Reich: Antitrust in the New Gilded Age, by Robert Reich: We’re in a new gilded age of wealth and power similar to the first gilded age when the nation’s antitrust laws were enacted. Those laws should prevent or bust... Continue reading
Posted yesterday at Economist's View
Piketty Day Notes - Paul Krugman Capital in the Twenty-First Century - Martin Wolf Rogoff talks financial crisis - Yale Daily News VC for the people - interfluidity Demand for Sand - Tim Taylor The dark side of wage growth... Continue reading
Posted yesterday at Economist's View
23
When in need of a quick post, Paul Krugman is always a good source: Supply, Demand, and Unemployment Benefits: Ben Casselman points out that we’ve had a sort of natural experiment in the alleged effects of unemployment benefits in reducing... Continue reading
Posted yesterday at Economist's View
21
Travel day today, so for now a quick repost of Janet Yellen's speech today, more later as I can: Monetary Policy and the Economic Recovery, by Janet Yellen, FRB: Nearly five years into the expansion that began after the financial... Continue reading
Posted yesterday at Economist's View
14
Supply, Demand, and Unemployment Benefits - Paul Krugman Rebuttal for Rajan: Bernanke Defends U.S. Policy - WSJ How Working Women Help the Economy - NYTimes.com Tech Leaps, Job Losses and Rising Inequality - NYTimes.com Defending Kickbacks - Baseline Scenario Blaming... Continue reading
Posted yesterday at Economist's View
98
Paul Krugman: Rising Sun: Joe Romm draws our attention to the third slice of the latest IPCC report on climate change, on the costs of mitigation; the panel finds that these costs aren’t that big — a few percent of... Continue reading
Posted 2 days ago at Economist's View
32
The price is wrong - Antonio Fatas Interest Rates and the Budget Outlook - Paul Krugman CBO: Deficit to be Smaller than Previous Forecast - Calculated Risk Central Bank Transparency Anchors Inflation Expectations - Dallas Fed Taylor Rules for Disinflation... Continue reading
Posted 2 days ago at Economist's View
44
Another one that may be of interest: How Important Are Hedge Funds in a Crisis?, by Reint Gropp, FRBSF Economic Letter: Before the 2007–09 crisis, standard risk measurement methods substantially underestimated the threat to the financial system. One reason was... Continue reading
Posted 3 days ago at Economist's View
19
This may be of interest: “There will be growth in the spring”: How well do economists predict turning points?, by Hites Ahir and Prakash Loungani: Forecasters have a poor reputation for predicting recessions. This column quantifies their ability to do... Continue reading
Posted 3 days ago at Economist's View
What is the "true cost of our bloated financial industry"?: Three Expensive Milliseconds, by Paul Krugman, Commentary, NY Times: Four years ago ... Spread Networks finished boring its way through the Allegheny Mountains of Pennsylvania. Spread’s tunnel was ... a... Continue reading
Posted 3 days ago at Economist's View
115
Recovery for Whom? - NYTimes.com Secular Stagnation and Three Period OLG - mainly macro The Great Moderation, Version 2.0 - Gavyn Davies Tesla vs. the Auto Dealers - James Surowiecki The power of the US cable barons must be challenged... Continue reading
Posted 3 days ago at Economist's View
62
More Delong -- Brad makes this point about value neutrality every once in awhile, it's one I sometimes forget in these discussions, so it's a nice reminder: The Social and Moral Philosophy of the Minimum Wage: Matthew Yglesias is surprised... Continue reading
Posted 4 days ago at Economist's View
72
Brad DeLong attempts to answer a question many people have been asking. Can the Summers claim of secular stagnation due to the real interest rate being too low be reconciled with Piketty's argument that the real interest rate is too... Continue reading
Posted 4 days ago at Economist's View
Information technologies and infrastructure play an increasingly important role in daily life. But at the same time, cyber security is becoming increasingly threatened. How does society deal with these conflicting challenges. This keynote INET panel features speakers Steven Bellovin, Yvo... Continue reading
Posted 4 days ago at Economist's View
Notes and Finger Exercises on Piketty - Brad DeLong Wall Street, The City, And Austerity - Paul Krugman A Striking Picture of Pay and Deregulation in Finance - Jared Bernstein Are Speculative Bubbles Good? - John Cassidy Discussion of Robert... Continue reading
Posted 5 days ago at Economist's View
56
Robert Shiller: Better Insurance Against Inequality: Paying taxes is rarely pleasant, but as April 15 approaches it’s worth remembering that our tax system is a progressive one and serves a little-noticed but crucial purpose: It mitigates some of the worst... Continue reading
Posted 5 days ago at Economist's View
82
I liked this session: "In recent decades, market values have crowded out non- market norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, we have drifted from... Continue reading
Posted 5 days ago at Economist's View
16
"The 2008 financial crisis led to the worst recession in the developed world since the Great Depression. Governments had to respond decisively on a large scale to contain the destructive impact of massive debt deflation. Still, several large financial institutions... Continue reading
Posted 5 days ago at Economist's View
Time to rebuild infrastructure - Larry Summers Offshore and Underground - Paul Krugman Growth is all in how you account for it - FT.com Austerity, journalists and the financial sector - mainly macro Value of Life: The Singularity Speaks -... Continue reading
Posted 5 days ago at Economist's View
94
Sociologist Claude Fischer: What do average Americans think about inequality?: ... In her 2013 book, The Undeserving Rich: American Beliefs about Inequality, Opportunity, and Redistribution, sociologist Leslie McCall methodically tries to figure out Americans’ thinking about inequality. ... Here is... Continue reading
Posted 6 days ago at Economist's View
46
Is the Great Moderation "still in progress"? Jason Furman says it is: The Great Moderation Is Back, by Binyamin Appelbaum, NY Times: Perhaps you remember the Great Moderation, the comforting term economists pinned on the period of relatively steady growth... Continue reading
Posted 6 days ago at Economist's View
32
Dreaming of politicians on the right who actually care about the unemployed, the uninsured, and the unfortunate. But it's just a dream: Health Care Nightmares, by Paul Krugman, Commentary, NY Times: When it comes to health reform, Republicans suffer from... Continue reading
Posted 6 days ago at Economist's View
83
Only the ignorant live in fear of hyperinflation - Martin Wolf Tying Jobless Benefits to Corporate Tax Cuts Would Be Inappropriate - CBPP What do average Americans think about inequality? - Berkeley Blog Global Monetary Policy: A View from Emerging... Continue reading
Posted 6 days ago at Economist's View
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