Articles Written by:    MARK THOMA     

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"Escaping the Fossil Fuel Trap"

Escaping the Fossil Fuel Trap, by Michael Spence, Project Syndicate: ...[The] use of fossil fuels, and hence higher CO2 emissions, seems to go hand in hand with growth. This is the central problem confronting the world as it seeks ... to combat ...

From MARK THOMA, Economist's View,  24 Nov 2009
Related Topics: Michael Spence

"Bad Forecasters Can be Good Policymakers"

The Romers criticize the FOMC because of its poor performance in forecasting economic developments. Specifically, the Romers show that the FOMC is even worse at forecasting than its underlings, the staff of the Federal Reserve System. This is ...

From MARK THOMA, Economist's View,  24 Nov 2009
Related Topics: Federal Reserve

"Immigration, Wages, and Compositional Amenities"

Immigration, Wages, and Compositional Amenities, by David Card, Christian Dustmann, and Ian Preston, NBER Working Paper No. 15521, November 2009 [Open Link]: Introduction Standard economic reasoning suggests that immigration, like trade, creates ...

From MARK THOMA, Economist's View,  23 Nov 2009
Related Topics: National Bureau of Economic Research,  Bayer

Existing Home Sales Rise 10.1%

At MoneyWatch, some brief comments (and links to other discussions by Calculated Risk, The Big Picture, and Free Exchange) on today's news that existing home sales rose 10.1 percent in October: TrackBack URL for this ...

From MARK THOMA, Economist's View,  23 Nov 2009
Related Topics: University of Oregon

"America's Broken Politics"

America's broken politics, by Jeff Sachs, Project Syndicate: ...The difficulties that Barack Obama is having in passing his basic program, whether in healthcare, climate change, or financial reform, are hard to understand at first glance. After all, ...

From MARK THOMA, Economist's View,  23 Nov 2009
Related Topics: Barack Obama,  U.S. Democratic Party,  U.S. Republican Party,  U.S. Congress,  U.S. Senate

Paul Krugman: The Phantom Menace

The Phantom Menace, by Paul Krugman, Commentary, NY Times: A funny thing happened on the way to a new New Deal. ... Consider the contrast between what Mr. Obama’s advisers were saying on the eve of his inauguration, and what he himself is saying now. ...

From MARK THOMA, Economist's View,  23 Nov 2009
Related Topics: Barack Obama,  Paul Krugman,  Lawrence Summers

"What if a Recovery Is All in Your Head?"

What if a Recovery Is All in Your Head?, by Robert J. Shiller, Commentary, NY Times: Beyond fiscal stimulus and government bailouts, the economic recovery that appears under way may be based on little more than self-fulfilling prophecy. Consider this ...

From MARK THOMA, Economist's View,  22 Nov 2009
Related Topics: Columbia University,  Phil Gramm

Stabilities and Instabilities in the Macroeconomy

This article may be reproduced with appropriate attribution. Around the turn of the century the pendulum began to swing back – although not very far. “Freshwater” and “saltwater” macroeconomists came to a “brackish” compromise known as the New ...

From MARK THOMA, Economist's View,  21 Nov 2009

Fed Watch: The Fed in a Corner

Tim Duy: The Fed in a Corner, by Tim Duy: Over the years, I have warned a seemingly countless number of undergraduates that Fed's hold on monetary independence was tenuous at best. Independence is not guaranteed by the Constitution. Congress made the ...

From MARK THOMA, Economist's View,  21 Nov 2009
Related Topics: U.S. Congress,  Bank of Japan,  Federal Reserve,  United States Department of the Treasury,  Yukio Hatoyama (politician)

What Causes Employment to Lag Output in Recoveries?

At MarketWatch, I attempt to explain why , and why the lag has been increased after 1990: I give three reasons, and then use one of them to try to explain the increased lag since 1990. TrackBack URL for this ...

From MARK THOMA, Economist's View,  20 Nov 2009
Related Topics: University of Oregon

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