Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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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?


Click on the chart for a larger version.


EconModel

The Economics Roundtable is sponsored by EconModel.

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


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Market Power (Phil Miller)

"Selected Musings by an Academic Economist on the Power of Markets”


February 24, 2014, 4:34 pm, 1230356

Brad Humphreys sent along a call for papers for North America Association of Sports Economists sessions at this year's SEA meetings in Atlanta Nov. 22-24.  Note that a session on the teaching of sports econ is of particular interest.  Here's the CFP

The North American Association of Sports Economists (NAASE) is ...


February 17, 2014, 2:34 pm, 1226626

Hear it straight from the lady, then the 8 year old daughter Serena of Professor Blanchard, who wrote them.  Here's a picture of the cover of my copy of the book.  


February 16, 2014, 4:34 pm, 1226301

Every mainstream principles of microeconomics textbook has a treatment of the shut down condition.  According to the theory, a firm will shut down operations in the short run (temporarily close) if the price of its product falls below average variable cost.  Put another (and, in my opinion, more intuitive) way, ...


February 14, 2014, 12:34 pm, 1225529

Link here.  Via Craig Newmark.


February 5, 2014, 12:34 pm, 1219982

If you aren't already aware, there is an interesting legal battle going on at Wrigley Field.  The Cubs ownership wants to install a video board, but this board would block the view from the neighboring rooftops.  The interesting economic question to me involves both externalities.  As it is right now, ...


February 1, 2014, 12:34 pm, 1218812

If you aren't already aware, there is an interesting legal battle going on at Wrigley Field.  The Cubs ownership wants to install a video board, but this board would block the view from the neighboring rooftops.  The interesting economic question to me involves both externalities.  As it is right now, ...