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.

RSS Feed

Environmental Economics

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

October 20, 2014, 1:33 pm, 1354187

*"I have no idea what Bono and the Edge think is funny."

October 20, 2014, 11:33 am, 1354105

I also contacted Penny Goldberg, a professor of economics at Yale University and editor of the American Economic Review, to ask if she could think of any joke, any tiny moment of amusement, one solitary witticism that has passed across her desk. Anything, even if it was rejected.

Ms. Goldberg, confirming ...

October 20, 2014, 9:33 am, 1354021

From the Miscellany Section of Economic Inquiry:

We collect contingent valuation data from 524 student survey respondents over a 3-day, 72-hour period. Data analysis of a hypothetical campus referendum focuses on time-of-day effects on willingness to pay for a renewable energy project. We find that subjects responding to the ...

October 17, 2014, 9:33 am, 1352914

October 16, 2014, 7:33 am, 1352068

The New York Times sure is making blogging difficult. Highlighting text and hitting the Typepad "Blog It" button doesn't work (in Chrome) or sends me to another NYTimes story (in Firefox) [or vice versa]. Yet, I persevere (save the webpage to desktop, printscreen for images, etc) when it is worth ...

October 15, 2014, 11:33 am, 1351591

Last week I mentioned I mentioned that I would be presenting (yesterday) toThe Ohio State University Environmental Professionals Network Breakfast Club on the topic of "Ohio's Water Resources and Citizens at Risk - Ag-related Practices and Policies to Prevent Harmful Algal Blooms, Post-Toledo." I (along with ...

October 14, 2014, 11:33 am, 1350883

Just so no one (i.e., me) ever forgets, I was once an associate editor at the Journal of Environmental Management. Here is the proof:

I ...

October 14, 2014, 9:33 am, 1350795

I'm probably coming in late on this one (since the paper first came out in 2009!), but I recently read this paper from Phil Graves. I got the chance to ask a few questions about it online and was intrigued by the consequences. I'm curious to ...

October 14, 2014, 9:33 am, 1350794

This is the least funny part of the show (but maybe the most important):

The next minute he's pitching you his idea about environmental tax reform. In addition to being a comedian and an economist, Bauman has committed his life to "using the tools of economics and the power of capitalism ...

October 13, 2014, 7:33 am, 1350052

Ivory Coast, the world’s largest producer of cacao, the raw ingredient in M&M’s, Butterfingers and Snickers Bars, has shut down its borders with Liberia and Guinea, putting a major crimp on the workforce needed to pick the beans that end up in chocolate bars and other treats just as the ...