Economics Roundtable

Technical Problems 1/21/15

The website was down for a day and a half, but is back up now.

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”

February 1, 2015, 9:33 am, 1414069

From a profile of "the Risky Business Project, an unusual collection of business and policy leaders determined to prepare American companies for climate change":

In May 2014, the committee members gathered at the Bloomberg Philanthropies offices in Manhattan to hear two of the authors commissioned by the Rhodium Group — Robert ...

January 31, 2015, 9:33 am, 1413747

25% support higher electricity taxes and 36% support higher gas taxes "to try to reduce future global warming." Here are the questions and results from the poll:

January 30, 2015, 5:33 pm, 1413517

Sent from my iPhone

January 30, 2015, 3:33 pm, 1413444

Submitted by Martin Heintzelman:

The 2015 Northeast Agricultural and Resource Economics Association (NAREA) & the Canadian Agricultural Economics Society (CAES) Annual Meeting and Workshop will be held June 27-30 at Hotel Viking in the historic seaside town of Newport, Rhode Island.

The 2015 conference features many opportunities to interact and learn including: Selected Paper sessions, Symposia, Plenary Talks, and ...

January 30, 2015, 11:33 am, 1413258

From the inbox:

An overwhelming majority of the American public, including nearly half of Republicans, support government action to curb global warming, according to a poll conducted by The New York Times,

January 30, 2015, 9:33 am, 1413187

It could have been anyone's governor:

Just what do university professors do all day?

Gov. Scott Walker of Wisconsin has been hearing plenty on that topic since he remarked this week, during a discussion of his proposal to cut state appropriations for the University of Wisconsin system by $300-million over two ...

January 29, 2015, 9:33 am, 1412346

Gov. Scott Walker said Wednesday that University of Wisconsin System faculty and staff could increase their workload to reduce the impact of his proposed $300 million budget cut.

Walker announced this week that the proposed cuts, along with a two-year tuition freeze, would be part of his two-year budget ...

January 28, 2015, 9:33 am, 1411454

Agnar Sandmo (Rev Environ Econ Policy 2015 9: 43-63):


This article traces the history of economists’ treatment of environmental problems prior to the establishment of environmental economics as a separate field in the 1960s. I examine the economics literature from the late eighteenth century onward, searching for an ...

January 28, 2015, 9:33 am, 1411453

Why else would the government try to stop mining in Alaska?

The Obama administration moved Tuesday to open up a vast stretch of East Coast waters to oil and gas drilling, a decision that could have a profound impact on the economic and environmental future of states from Virginia to Georgia. ...

January 27, 2015, 9:33 am, 1410676