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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Mitch McConnell’s Middle-Class Tax Hike - David Leonhardt The "cackling cartoon villain" defense of DSGE - Noahpinion Days of Greed and Desperation - Paul Krugman Making Sense of Chaos with the Windy-Boat - Roger E. A. Farmer Gender gaps among... Continue reading
Posted 2 days ago at Economist's View
319
Kurt G. Lunsford of the Federal Reserve Bank of Cleveland: Productivity Growth and Real Interest Rates in the Long Run: Despite the unemployment rate's return to low levels, inflation-adjusted or "real" interest rates have remained negative. One popular explanation for... Continue reading
Posted 2 days ago at Economist's View
Tim Taylor: US Wages: The Short-Term Mystery Resolved: The Great Recession ended more than eight years ago, in June 2009. The US unemployment rate declined slowly after that, but it has now been below 5.0% every month for more than... Continue reading
Posted 2 days ago at Economist's View
14
From VoxEU: Economics gets out more often: Using extramural citations to assess economic scholarship, by Josh Angrist, Pierre Azoulay, Glenn Ellison, Ryan Hill, and Susan Lu: The 2017 Nobel in Memorial Prize Economic Sciences, awarded to University of Chicago’s Richard... Continue reading
Posted 2 days ago at Economist's View
"The only significant winners would be those making more than $1 million a year.": Everybody Hates the Trump Tax Plan, by Paul Krugman, NY Times: Looking at the reactions to Republican tax plans, I found myself remembering what people used... Continue reading
Posted 2 days ago at Economist's View
13
Economics isn't a bogus science — we just don't use it correctly - LA Times Can a superintelligence self-regulate and not destroy us? – Digitopoly Researchers chart rising inequality across millennia - EurekAlert Rethinking Development: Larry Summers - Tim Taylor... Continue reading
Posted 4 days ago at Economist's View
222
Olivier Blanchard: Should We Reject the Natural Rate Hypothesis?, by Olivier Blanchard, PIIE: Fifty years ago, Milton Friedman articulated the natural rate hypothesis. It was composed of two sub-hypotheses: First, the natural rate of unemployment is independent of monetary policy.... Continue reading
Posted 4 days ago at Economist's View
16
"This isn’t just ordinary class warfare; it’s class warfare aimed at perpetuating inequality into the next generation.": Republican Class Warfare: The Next Generation, by Paul Krugman: The other day, Mitch McConnell, the Senate majority leader, admitted to The New York... Continue reading
Posted 4 days ago at Economist's View
17
How to Win the Battle of the Sexes Over Pay - Claudia Goldin The Tax Foundation Has Some Explaining To Do - Paul Krugman Tax Cuts And The Trade Deficit - Paul Krugman The Catalan syndrom - Thomas Piketty How... Continue reading
Posted 5 days ago at Economist's View
159
"A major contributor to low inflation is the health-care services sector": FRBSF FedViews: Adam Shapiro, research advisor at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of November 9, 2017.... Continue reading
Posted 6 days ago at Economist's View
15
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Tim Duy: Taking Stock, by Tim Duy: At some point every year I sense a need to reset and clarify my baseline views on the economy and monetary policy. This is that time. ...Continued here... Continue reading
Posted 6 days ago at Economist's View
Douglas Campbell: Did the Rise of China Help or Harm the US? Let's not forget Basic Macro: This is a question which was posed to me after I presented last week at the Federal Reserve Board in DC. Presenting there... Continue reading
Posted 6 days ago at Economist's View
68
"The end result of this tax bill would be to leave most working Americans, even those who wouldn’t face direct tax increases, worse off, all for the benefit of a tiny minority": Trump and Ryan Versus the Little People, by... Continue reading
Posted Nov 10, 2017 at Economist's View
203
What really caused the financial crisis - mainly macro Leprechaun Economics and Neo-Lafferism - Paul Krugman Leprechaun Economics, With Numbers - Paul Krugman The Darker Side of Peer-to-Peer Lending - Tim Taylor Central Banks in the Dock - Barry Eichengreen... Continue reading
Posted Nov 10, 2017 at Economist's View
170
Barry Eichengreen: Trade Policy and the Macroeconomy, by Barry Eichengreen, IMF: It’s an honor and privilege to have been asked to deliver the Mundell-Fleming Lecture. It’s also a bit intimidating. I won’t read off the entire list of luminaries who... Continue reading
Posted Nov 8, 2017 at Economist's View
62
Why the U.S. Needs a Federal Jobs Program, Not Payouts - Robert Rubin Understanding Permanent and Temporary Income Shocks - Liberty Street Price-level targeting as an automatic stabiliser for inflation - Nick Rowe Can We Tax Social Security Benefits More... Continue reading
Posted Nov 8, 2017 at Economist's View
98
Dani Rodrik: Taking a Crack at Neoliberalism, by Dani Rodrik: ..my new piece “Rescuing Economics from Neoliberalism,” just out in the Boston Review. ... Here is the core of it: That neoliberalism is a slippery, shifting concept, with no explicit... Continue reading
Posted Nov 8, 2017 at Economist's View
40
Trade, Technology, and Job Disruption - Tim Taylor The Wykehamist fallacy - Stumbling and Mumbling The Moral Identity of Homo Economicus - Ricardo Hausmann The Perennial Problem of Predicting Potential - John Williams Brexit interest rate increases and misunderstanding inflation... Continue reading
Posted Nov 7, 2017 at Economist's View
225
"And the cynic would be right": Trump, Gillespie and the Same Old Party, by Paul Krugman, NY Times: Since last year’s presidential election a number of establishment Republicans have very publicly wrung their hands over what has happened to their... Continue reading
Posted Nov 7, 2017 at Economist's View
12
Tim Duy: Fed Will Keep the Rate Hikes Coming, by Tim Duy: Lots of news from last week, most of which supported the Fed’s current anticipated rate path of one 25bp hike in December followed by three more in 2018.... Continue reading
Posted Nov 6, 2017 at Economist's View
20
Macroeconomics: Religion or Science? - Roger Farmer Has Trump Captured the Fed? - Joseph E. Stiglitz America’s great decoupling - Lane Kenworthy The journalist as amateur scientist - mainly macro Global real interest rates since 1311 - Bank Underground Disagreement... Continue reading
Posted Nov 6, 2017 at Economist's View
185
Keeping US Policymaking Honest - J. Bradford DeLong Donald Trump’s Federal Reserve - Kenneth Rogoff Unemployment Falls to New Low for Recovery - Dean Baker October Employment Report - Calculated Risk Black Monday: Thirty years after - VoxEU How Food... Continue reading
Posted Nov 3, 2017 at Economist's View
199
"The big question should be, why do any of this?": Donald Trump, Paul Ryan and the Con Man Caucus, by Paul Krugman, NY Times: ...On Thursday, House Republicans unveiled a tax “reform” bill with the same good order and careful... Continue reading
Posted Nov 3, 2017 at Economist's View
30
Tim Duy: Economy Not Likely Easy For Next Fed Chair, by Tim Duy: The U.S. appears set to enter a more risky phase of the business cycle as the Federal Reserve attempts to glide the economy into a so-called soft-landing.... Continue reading
Posted Nov 3, 2017 at Economist's View