Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

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March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

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May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .

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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.

Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?

Click on the chart for a larger version.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Ben Muse

"Economics and Alaska”

September 12, 2017, 1:13 pm, 1771353
Sometime in the fall of 1894, or the winter or spring of 1895, Captain Bixby of the Army Corps of Engineers visited Bass River to see if river entrance navigation improvements were a worthwhile way to spend federal money. The...

September 12, 2017, 1:13 pm, 1771354
Great photos of King Island, and the not quite abandoned Eskimo village of Ukivok, circa 2006: Charlene's flikr photostream. Thanks to David Kingma and Father Louis Renner at Gonzaga for the pointer.

September 12, 2017, 1:13 pm, 1771355
Clive Cookson reports that there's been a "64-fold increase in [Chinese] peer-reviewed scientific papers since 1981": China scientists lead world in research growth. Projecting ahead: Jonathan Adams, research evaluation director at Thomson Reuters, said China’s “awe-inspiring” growth had put it...

September 12, 2017, 1:13 pm, 1771356
Charles Swift was a 19th Century newspaper editor and historian. His 1884 history of Yarmouth, available on Google Books, has a map of Old Yarmouth in 1644 (Old Yarmouth including the current towns of Dennis and Yarmouth). The Pilgrims reached...

September 12, 2017, 1:13 pm, 1771352
Many years ago Bass River was a small, but busy, commercial port. In 1802 there were 21 vessels, some ranging between Boston and the West Indies, others fishing locally. In the early 20th Century, a sailing packet still kept a...

September 12, 2017, 1:13 pm, 1771351
... and in Mexico, Thailand, and elsewhere abroad: Outsourcing Health Care To Countries That Appreciate Efficiency (Adam Ozimek channeling Tyler Cowen channeling Ragharum Rajan). Rajan argues that this would stimulate competition and innovation in U.S. health care. Ozimek cites a...

September 12, 2017, 1:13 pm, 1771348
Last year Daniel Fortier, of the Dennis Planning Department, posted pictures of windmills used in the past in Dennis and Yarmouth. There are windmills in yards to pump drinking water from wells, some apparently with elevated water storage tanks, industrial...

September 12, 2017, 1:13 pm, 1771349
Here's a great old postcard of South Yarmouth center. The source at Wikipedia says 1910. Route 28 won't be upgraded until 1933, and then it will come in through the yard on the left and exit towards Bass River across...

September 12, 2017, 1:13 pm, 1771350
People began to open cottage colonies on the Cape in the early thirties, as more visitors began to come to the Cape in their own cars, and as demand grew for inexpensive places to stay. The Salt Box cottage colony...

September 12, 2017, 1:13 pm, 1771347
Mrs. Boardman and her sisters opened their Salt Box vacation cottages for their first season in 1938. The cottage colony was built on an old farm between the northeastern end of the Bass River Golf Club and Bass River, a...