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

In this week’s episode, David speaks with Mark Thoma, professor of economics at the University of Oregon and author of the popular blog, “Economist’s View.” 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’s blog: http://macromarketmusings.blogspot.com/ Mark

Thoma’s blog: http://economistsview.typepad.com/

David’s Twitter: @DavidBeckworth

Mark Thoma’s Twitter: @MarkThoma

Related links Mark Thoma’s Webpage: http://pages.uoregon.edu/mthoma/ Mark

Thoma’s CBS archive: http://www.cbsnews.com/search/author/mark-thoma/

Mark Thoma’s Fiscal Times archive: http://www.thefiscaltimes.com/Authors/T/Mark-Thoma

David’s first blog post: http://macromarketmusings.blogspot.com/2007/08/liquidityholics-of-world.html 

Timestamps

(00:00:00) - Intro

(00:00:21) - Episode start

(01:00:19) - Outro