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”


August 25, 2014, 1:03 pm, 1324100
Here's another one. This is a Google Trends report of online interest in "sodium" and "gluten", 2004 to the present. High sodium intake in the U.S. population increases the prevalence of high blood pressure and heart disease, which are leading killers in the United States. Yet, this topic is ...


August 25, 2014, 11:03 am, 1324021
Many important debates in U.S. Food Policy turn on competing views about the global food prospect, especially the food situation in developing countries. For those who want to study this topic seriously, Routledge has just published the new third edition of the comprehensive textbook, The Economics of Agricultural Development: ...


August 15, 2014, 3:03 pm, 1319334
As fizzy soda sales decline, top beverage manufacturers seek to convince children and parents that kids need sugary sports drinks to enhance athletic performance.

In truth, water is the best source of hydration for kids doing sports. Based on the balance of scientific evidence, the MyPlate text ...


August 13, 2014, 7:03 am, 1317605
The Kellogg Company today unveiled new commitments to address actions by itself and its suppliers that affect climate change. General Mills on July 28 had announced similar initiatives.

From Kellogg's statement (.pdf) today:

As stated in our Kellogg Global Supplier Code of Conduct, we expect suppliers to ...


August 11, 2014, 1:03 pm, 1316239
Choices Magazine -- the outreach magazine of the Agricultural and Applied Economics Association (AAEA) -- this spring and early summer published a special series summarizing the Agricultural Act of 2014 (also known as the Farm Bill).

Jody Campiche organized the series and presented the theme overview:


August 11, 2014, 11:03 am, 1316149
In its 2014 awards program, the Agricultural and Applied Economics Association (AAEA) has given honorable mention to my book, Food Policy in the United States, in the category "Quality of Communication."

As publisher of the American Journal of Agricultural Economics and ...


August 7, 2014, 3:03 pm, 1313998
Here is a Google Trends report of online interest in "dietary guidelines" and "paleo diet", United States, 2004 to the present. Notice the two peaks for interest in "dietary guidelines," corresponding to the release of new Dietary Guidelines for Americans once every five years.


August 5, 2014, 7:03 pm, 1311951
Educators and school nutrition personnel in recent years have been discussing and debating the merits of serving breakfast in the classroom at the start of the school day, rather than in cafeterias. Participation is higher for breakfast in the classroom, leading to high hopes for increased impact on beneficial health ...


August 5, 2014, 7:03 pm, 1311949
Nobody understands better than farmers that immigrants to the United States are real people and hard workers, not a caricature.

When the leadership of the House of Representatives last year nearly failed to pass the farm programs, conservation programs, and nutrition programs in the farm bill, it showed that ...


August 5, 2014, 7:03 pm, 1311950
Leading fast food companies have pledged to follow specific advertising guidelines under the Children's Food and Beverage Advertising Initiative (CFBAI), a project of the Council of Better Business Bureaus (BBB).

These voluntary pledges remain quite weak. One recent summary of the argument that these pledges are insufficient [note: ...