Economics Roundtable

May 2014 Payroll Employment

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

Click on the image to get a bigger version.


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”

December 19, 2014, 1:33 pm, 1392225

CALL FOR PAPERS:  Thresholds, Tipping Points and Random Events in Dynamic Economic Systems

The Howard H. Baker Jr. Center for Public Policy ( and the Department of Economics ( at the University of Tennessee, Knoxville, will host a workshop on Thresholds, Tipping Points, and Random Events in ...

December 19, 2014, 1:33 pm, 1392226

Based on revealed preference (no cheap talk treatment necessary) as submitted to the WNCW and No Depression top polls:

Lydia Loveless - Somewhere Else Hard Working Americans - Hard Working Americans Drive-by Truckers - English Oceans Old 97s - Most Messed Up Lucinda Williams - Down Where the Spirit Meets the Bone Rosanne ...

December 19, 2014, 9:33 am, 1392089

Now that Sony has set a precedent of pulling movies after the parent company is hacked, I worry that the Empire will be using the Force on Disney now that the Force is awakening.

Yes, I'm a dork.

December 19, 2014, 9:33 am, 1392088

Here is a summary of the fields of the PhD job market candidates at the 'top' econ programs this year.

Since most environmental economists are really public economists trained ...

December 18, 2014, 11:33 am, 1391531

Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.

As the Russian authorities announced a series of measures to ease the pressure on the ...

December 18, 2014, 9:33 am, 1391454

As Colbert transitions the NC Sea Level Rise panel continues its work:

The N.C. Coastal Resources Commission’s science panel made a few final adjustments Monday to the draft five-year update to its sea level rise report before agreeing it was ready for peer review. 

The draft ...

December 17, 2014, 1:33 pm, 1390877

You can tell that I'm ramping up to teach principles of micro--I'm using env-econ to store examples, even if they have nothing to do with the environment.  So here's a nice graph of ground beef prices over time.  Now i just need to figure out what is going on so ...

December 17, 2014, 1:33 pm, 1390876

Is the great bourbon shortage really real? 

After writing about it last week, we got some rather irate emails from readers, alleging that we were being fed a marketing scam. (There's some skepticism out there on the internet, as well.) After all, there's still plenty of bourbon ...

December 17, 2014, 11:33 am, 1390799

Climate negotiators forged a new climate agreement this past weekend. It’s been named the Lima Accord, and it relies on countries to individually decide if and by how much they want to reduce their emissions of greenhouse gases. In other words, the Lima Accord sets out to solve ...

December 17, 2014, 11:33 am, 1390798

On Monday I read this:

Negotiators eked out a global agreement to fight climate change during an environmental summit in the Peruvian capital, Lima, early Sunday. The approach taken by this agreement is quite different from that of the more familiar Kyoto Protocol. There are no formal commitments to reduce carbon emissions by a ...