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?.

Click on the image to get a bigger version.

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 .

Click on the image to get a bigger version.

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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Environmental Economics

"Economists on Environmental and Natural Resources: News, Opinion, and Analysis”

September 26, 2017, 9:05 am, 1779464
NNFS Economics and Human Dimensions Program Review:

Office of Science & Technology Economics & Human Dimensions Program Agenda

September 26-28, 2017

DoubleTree Hotel8727 Colesville Road , Silver Spring, Maryland, 209101-301-589-5200

September 21, 2017, 1:45 pm, 1778028

Yoram Bauman (via the Stand-up Economist email):

Just in time to help President Trump's advisors, I'm thrilled to report that the Cartoon Introduction to Economics is now available is Russian (ba-da-boom!) plus a dozen other languages. Cartoon Climate Change is becoming ever-more  important, and my co-author Grady Klein and I have ...

September 21, 2017, 1:06 pm, 1778013

I've even taken a sabbatical from this blog. I think that the dog walk has become a substitute (guilty pleasure when I'm working at home*) for the blog post (guilty pleasure when I'm in the office). Whatever is going on, I have too much to say about the way the ...

September 15, 2017, 6:06 pm, 1776205

What happens when the people of China decide that butter is yummy?

A sharp increase in global demand has caused the wholesale price of butter to nearly double in Europe. Consumers are paying more too: retail prices jumped nearly 20% in June over the previous year, according to data ...

September 12, 2017, 1:15 pm, 1772363

Jim Campbell:

For the last couple of weeks, the online economics community has been discussing and reacting to rampant misogyny on a website, Economics Job Market Rumors. A Justin Wolfers post to The Upshot at the New York Times reported on research by Alice Wu that laid bare ...

September 12, 2017, 1:15 pm, 1772364

When the Super Bowl comes to town hotels increase prices for rooms.  Bars increase prices for drinks.  Restaurants increase prices for food.  

So why when the Super Bowl of hurricanes comes to town would we expect anything less?

When they checked rates online as Hurricane Harvey was strengthening and about ...

September 12, 2017, 1:15 pm, 1772362

We've organized 18 regular sessions, 3 student sessions and 2 panels. Thanks to Chris Dumas (UNCW) and Elaine Frey (CSU-LB) for serving on the organization "committee". 

The panel that always draws the most attendance is the tips for students and young economists:

Panel: Tips for Students and Young Economists: Dissertations, Jobs, Publishing, ...

September 12, 2017, 1:15 pm, 1772359

CNN may have just inadvertently started WWIII.

September 12, 2017, 1:15 pm, 1772360

September 12, 2017, 1:15 pm, 1772361

The Washington Post is reporting that Rush Limbaugh said that the media over-reports the intensity of hurricanes to create more panic which benefits both local retailers and the media:

There is symbiotic relationship between retailers and local media, and it’s related to money. It revolves around money. You have major, ...