MARK THOMA is a macroeconomist and time-series econometrician at the University of Oregon. His research focuses on how monetary policy affects the economy, and he has also worked on political business cycle models and models of transportation dynamics. Mark blogs daily at Economist's View http://economistsview.typepad.com/
Recent Stories By Mark Thoma:
The Political Party of the President Matters for the EconomySeptember 22, 2015
Since WWII, the economy does better when there is a Democrat in the White House. That conclusion holds for “almost every metric” of the economy’s performance according to research by Princeton...
Why the Fed Must Banish the 1970’s Inflation Devil Before Raising Rates September 8, 2015
Will the Fed raise rates when it meets later this month? Inflation remains below the Fed’s two percent target, and that argues against a rate increase. But labor markets appear to be tightening and...
The Politics of Income InequalityAugust 25, 2015
If the policies favored by some Republicans seeking the nomination for president turned into reality, we’d roll back or eliminate our social insurance programs, cut taxes on the wealthy, cut spending...
Macroeconomics: The Roads Not Yet TakenAugust 11, 2015
Anyone who is even vaguely familiar with economics knows that modern macroeconomic models did not fare well before and during the Great Recession. For example, when the recession hit many of us...
The Politics of Economics and ‘Very Serious People’July 28, 2015
The latest debate in the economics blogosphere is about the true meaning of the term “Very Serious People,” a term of derision initially used to describe some supporters of the Iraq war. It was later...
Wall Street Should Pay for the Recessions They Cause July 14, 2015
Over the last several hundred years, financial panics have repeatedly caused severe economic turmoil. For example, there were financial panics every 10 to 20 years in the late 1700s, 1800s, and early...