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”


November 19, 2014, 7:03 pm, 1374577
U.S. school children with household incomes below 130% of the federal poverty guideline have long been eligible for free school lunch and breakfast, while those with slightly higher income but still below 185% of the poverty guideline are eligible for reduced-price lunch. With a new community eligibility provision, some districts ...


November 18, 2014, 9:03 pm, 1373829
The U.S. food supply is far out of balance with dietary recommendations. A new study in the Journal of the Academy of Nutrition and Dietetics quantifies the gaps. In brief, the U.S. food supply was quite unhealthy already by the 1970s and has not improved noticeably since then.


November 11, 2014, 9:03 pm, 1369418
The federal government this week enacted what amounts essentially to a 6-month pause in commercial cod fishing in the Gulf of Maine, according to a report by David Abel in the Boston Globe yesterday. This is a sad day for New England's most famous fishery.

Cod fishing is ...


October 27, 2014, 9:03 am, 1358135
In 2009, New York passed its Breastfeeding Mothers' Bill of Rights, affirming mothers' rights to breastfeed any place, public or private. The focus of many provisions was on increasing mothers' access to information. Subsequently, hospitals had to share breastfeeding rates and other statistics.

A study to be ...


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 ...