Economics Roundtable

May 2014 Payroll Employment

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

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Jobs

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?


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EconModel

The Economics Roundtable is sponsored by EconModel.

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


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U.S. Food Policy (Parke Wilde)

"U.S. Food Policy and Economics from a Public Interest Perspective”


October 20, 2014, 3:03 pm, 1354203
The World Trade Organization (WTO) today ruled in favor of Canada and Mexico, saying that U.S. country-of-origin labeling (COOL) rules violate our commitments in previous trade agreements.

The COOL rules in dispute required new labels on fresh beef, pork, and lamb, but not on processed foods such as ...


October 15, 2014, 11:03 am, 1351530
Frontline last night had an excellent report, the Trouble with Antibiotics, on the plausible link between dangerous antibiotic resistant diseases and the overuse of antibiotics in U.S. meat production.

Poultry and hog producers use large amounts of antibiotics even in healthy animals, as a growth promoter and to prevent ...


October 10, 2014, 7:03 pm, 1349425
Circa 2005, U.S. web search interest in the terms "food policy" and "agricultural economics" was about equally. Nowadays, web search interest in "food policy" is much higher. There may be lessons in this for U.S. agricultural and applied economists.


October 2, 2014, 7:03 pm, 1345250
Friedman School graduate student Cailin Kowalewski reports today in the student publication Sprout on USDA's new financial incentive program:

The USDA this week announced a new grant program that will help participants in the Supplemental Nutrition Assistance Program (SNAP) afford fruits and vegetables. The Food Insecurity ...


September 25, 2014, 3:03 pm, 1341324
Beginning next week, on October 1, about 1,700 Massachusetts businesses that produce substantial food waste must sort and divert that waste to composting or another destination other than landfill. The new program is one of the most ambitious in the country.

As the Boston Globe explains today:


September 19, 2014, 3:03 pm, 1338090
USDA's Food and Nutrition Service yesterday released final results showing that the Healthy Incentives Pilot (HIP) had a significant positive impact on fruit and vegetable intake for low-income participants in the Supplemental Nutrition Assistance Program (SNAP).

In the pilot, which was conducted in Hampden County, Massachusetts, HIP participants ...


September 17, 2014, 5:03 pm, 1336701
An independent evaluation reported today that the Healthy Weight Commitment Foundation succeeded in removing more than a trillion calories from the U.S. food supply, as originally pledged.

Through this pledge, leading food and beverage manufacturers had promised to reduce total food energy sold by 1 trillion calories, from a ...


September 16, 2014, 7:03 pm, 1336094
In my school's latest Wednesday seminar, the epidemiologist and cardiologist Dariush Mozaffarian methodically builds the scientific case for amending our traditional obsession with total fat (as a culprit in obesity) and saturated fat (as a culprit in heart disease).

Then, from about minute 47:30 to 50:30 in the video, ...


September 14, 2014, 9:03 am, 1334604
In an astonishing turn of events this week, prosecutors dropped criminal charges against two climate change activists who in 2013 used their boat -- the Henry David T. -- to block a large coal shipment to New England.

Instead of proceeding to trial on September 8, Bristol District ...


September 12, 2014, 3:03 pm, 1334066
USDA Secretary Tom Vilsack said this week that he shares farmers' frustrations and will use his authority to make necessary changes to the beef checkoff program, according to a report in Beef this week.

The program, known formally as the Cattlemen's Beef Board (CBB), uses the federal government's ...