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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Tim Duy: Whom to Listen to in the Fed Minutes: When it comes to the meetings of the Federal Open Market Committee, not all central bank policy makers are created equally. There are “participants” -- all the policy makers in... Continue reading
Posted 7 hours ago at Economist's View
Jonathan Baron at RegBlog: Justifying Health Insurance: Recent discussions about revising or replacing the Affordable Care Act (ACA) raise philosophical questions about the rationale for having a health insurance system. Among these philosophical questions are the extent to which such... Continue reading
Posted 10 hours ago at Economist's View
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The Greatest Living Economist Has Passed Away - A Fine Theorem Major Malinvestments Do Not Have to Produce Large Depressions - Brad DeLong The IMF’s Work on Inequality: Bridging Research and Reality - iMFdirect Some Fed Members Back Quicker Move... Continue reading
Posted 19 hours ago at Economist's View
111
Travel day today. Will post if and when I can. Continue reading
Posted yesterday at Economist's View
Tim Duy: How the Fed's Rate Hikes Might Play Out: The U.S. economy is poised to deliver on the Federal Reserve’s economic forecast for this year. That means a baseline outlook for three interest-rate increases remains in play -- though... Continue reading
Posted yesterday at Economist's View
21
Ken Arrow: The Greatest - Digitopoly Tim Fuerst - Stephen Williamson Are anti-poverty programs are missing the long arm of the law? - Chris Blattman Before you blame the robots, look to the policy (and the data) - Jared Bernstein... Continue reading
Posted yesterday at Economist's View
187
John Robertson at the Atlanta Fed's macroblog: Unemployment versus Underemployment: Assessing Labor Market Slack: The U-3 unemployment rate has returned to prerecession levels and is close to estimates of its longer-run sustainable level. Yet other indicators of slack, such as... Continue reading
Posted 2 days ago at Economist's View
31
Tim Taylor: Why All Exchange Rates Are Bad: The economics of exchange rates can be tough sledding. Every now and then, I post on the bulletin board beside my office a quotation from Kenneth Kasa back in 1995: "If you... Continue reading
Posted 2 days ago at Economist's View
46
How to Survive the Trump Era - Joseph E. Stiglitz 21s tCentury Nationalism Needs to Be Profoundly Cosmopoiltan - Brad DeLong On the Political Nature of Monetary Policy - Gloomy European Economist Combining Bits and Pieces of Likelihood to Study... Continue reading
Posted 2 days ago at Economist's View
134
Brad DeLong: Let's Think Harder About the Role of Globalization in Wage Stagnation: It's disturbing. As we face the probable abrogation of NAFTA, possible trade wars with China, Germany, and others, and the total cluster** that is the Trump administration's... Continue reading
Posted 3 days ago at Economist's View
147
Why do Republicans insist, contrary to the evidence, that tax cuts and deregulation will spur economic growth: On Economic Arrogance, by Paul Krugman, NY Times: According to press reports, the Trump administration is basing its budget projections on the assumption... Continue reading
Posted 3 days ago at Economist's View
90
How will President Trump reshape the Fed? - Gavyn Davies Econometrics: Angrist and Pischke are at it Again - No Hesitations Did post-Marxist theories destroy Communist regimes? - Branko Milanovic Globalisation and economic nationalism - VoxEU Views on industrial strategy... Continue reading
Posted 3 days ago at Economist's View
190
Report: Trump team ordered government economists to cook up forecasts - Vox Saint Janet Yellen: The Best Fed Chair Ever? - EconoSpeak Lobbyists helped bankroll Trump’s transition - Center for Public Integrity Why Trump’s 2-for-1 Rule on Regulations Is No... Continue reading
Posted 5 days ago at Economist's View
353
Mathew Yglesias: Report: Trump transition ordered government economists to cook up rosy growth forecasts: As the White House staff tries to put together a budget for President Donald Trump, they face a fundamental problem. Trump has promised to cut taxes,... Continue reading
Posted 6 days ago at Economist's View
64
Simon Wren-Lewis: NAIRU bashing: The NAIRU is the level of unemployment at which inflation is stable. Ever since economists invented the concept people have poked fun at how difficult to measure and elusive the NAIRU appears to be, and these... Continue reading
Posted 6 days ago at Economist's View
87
The truth is out there: The Silence of the Hacks, by Paul Krugman, NY Times: The story so far: A foreign dictator intervened on behalf of a U.S. presidential candidate — and that candidate won. Close associates of the new... Continue reading
Posted 6 days ago at Economist's View
194
Industrial Revolution Comparisons Aren't Comforting - Tyler Cowen Trump’s Push to Meddle With the Fed Is Part of a Global Trend - NYTimes Economic Experts Still Rule -- at Least for Dutch - Justin Fox The Economic Vision for Precocious,... Continue reading
Posted 6 days ago at Economist's View
166
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Gene Kindberg-Hanlon at Bank Underground: Low real interest rates: depression economics, not secular trends: Real interest rates have fallen by around 5 percentage points since the 1980s. Many economists attribute this to “secular” trends such as a structural slowdown in... Continue reading
Posted 7 days ago at Economist's View
80
Make Big Banks Put 20% Down—Just Like Home Buyers Do - WSJ This (by Judy Shelton) Makes No Sense - Econbrowser Tutorial for Judy Shelton on Currency Manipulation - Uneasy Money Brexit and Trump: a failure of the political right... Continue reading
Posted 7 days ago at Economist's View
234
Adam Levitin: Jeb Hensarling's Alternative Facts: House Financial Services Committee Chairman Jeb Hensarling (R-Texas 5th) has an alternative fact problem. In a Wall Street Journal op-ed Hensarling alleged that "Since the CFPB’s advent, the number of banks offering free checking... Continue reading
Posted Feb 15, 2017 at Economist's View
31
My latest at MoneyWatch: The problem with Puzder as Labor Secretary: Donald Trump’s pick for secretary of labor, Andrew Puzder, is scheduled to undergo confirmation hearings Thursday before the Senate Health, Education, Labor and Pensions Committee. Prior to his nomination,... Continue reading
Posted Feb 15, 2017 at Economist's View
28
Does Growing Mismeasurement Explain Disappointing Growth? - FRBSF CBO: There’s more slack in the labor market than thought - Jared Bernstein Does the Border-Adjustment Tax Threaten Financial Stability? - Brad Setser Semiannual Monetary Policy Report to the Congress - Janet... Continue reading
Posted Feb 15, 2017 at Economist's View
284
Me, at MoneyWatch: Not just any kind of tax cut can boost economic growth: President Donald Trump promised last week he would unveil a “phenomenal” tax reform package in the next few weeks. Although no details were offered, Mr. Trump’s... Continue reading
Posted Feb 14, 2017 at Economist's View
118
Thomas Piketty: On inequality in China: With Trump and Brexit, the Western-type democratic model is under fire. The Chinese media are having a field day. In column after column, the Global Times (official daily newspaper) condemns the explosive cocktail of... Continue reading
Posted Feb 14, 2017 at Economist's View
89
It's Way Too Early for the Fed... - Tim Duy The Role of Narratives in Economics - ProMarket The Future of the Euro - Cecchetti & Schoenholtz The Dangerous Myth That China “Needs” $2.7 Trillion in Reserves - Brad Setser... Continue reading
Posted Feb 14, 2017 at Economist's View
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