14 - Mark Thoma on Fiscal Policy, Econometrics, and Political Business Cycles

Published: July 11, 2016, 9:30 a.m.

In this week\u2019s episode, David speaks with Mark Thoma, professor of economics at the University of Oregon and author of the popular blog, \u201cEconomist\u2019s View.\u201d Mark discusses his journey into econometrics and the application of econometric techniques to macroeconomic and monetary issues. Looking back at the 2008 crisis, Mark makes the case that fiscal stimulus should have been much stronger. He and David also discuss the role of monetary policy and financial regulation during this time. Finally, Thoma also explains some of his work on political business cycles: instances where politicians affect policy to increase the likelihood of being reelected.

David\u2019s blog: http://macromarketmusings.blogspot.com/ Mark

Thoma\u2019s blog: http://economistsview.typepad.com/

David\u2019s Twitter: @DavidBeckworth

Mark Thoma\u2019s Twitter: @MarkThoma

Related links Mark Thoma\u2019s Webpage: http://pages.uoregon.edu/mthoma/ Mark

Thoma\u2019s CBS archive:\xa0http://www.cbsnews.com/search/author/mark-thoma/

Mark Thoma\u2019s Fiscal Times archive: http://www.thefiscaltimes.com/Authors/T/Mark-Thoma

David\u2019s first blog post: http://macromarketmusings.blogspot.com/2007/08/liquidityholics-of-world.html\xa0

Timestamps

(00:00:00) - Intro

(00:00:21) - Episode start

(01:00:19) - Outro