Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, 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”

April 24, 2015, 11:33 am, 1461267

April 23, 2015, 5:33 pm, 1460726

What got you interested in environmental economics?

As an undergraduate I had an interest in both economics and environmentalism. The field of environmental economics seemed to merge the two interests.

What specific training did it require?

I did four years of graduate school to get a PhD in economics. This included 2.5 years ...

April 23, 2015, 9:33 am, 1460393

America's Finest News Source:

While graduate school is often touted as a way to specialize in a given field and increase earning power, opponents argue it can put students into debt without helping them get better jobs. Here are some pros and cons of going to grad school:


Gives the job market ...

April 23, 2015, 9:33 am, 1460392

Rachel Cleetus:

Yesterday the nine states that participate in the Regional Greenhouse Gas Initiative (RGGI) released a report that highlights the continuing success of the nation’s longest-running carbon market. The big takeaway: yes, it is possible to tackle our climate and energy challenges while delivering huge benefits to consumers!

April 23, 2015, 9:33 am, 1460390

Mark Thoma (who is now relatively famous for his Economist's View blog)

The House Resources Committee celebrates Earth Day:

On Earth Day website, House Republican Committee seeks to 'dispel environmental myths', by John Byrne, Raw Story: On a little-noticed inside page of the House Resources Committee website, ...

April 23, 2015, 9:33 am, 1460391

John Whitehead:

Cheer up, Earth Day is over ($):

Earth Day has traditionally been the occasion for apocalyptic predictions: global famines due to overpopulation, cancer epidemics from synthetic chemicals, cities destroyed by accidents at nuclear plants, species wiped out by deforestation, crippling shortages of energy. Humans, especially Americans ...

April 22, 2015, 5:33 pm, 1460022

Only one economic expert (a co-editor of the AER) from the IGM forum disagreed:

Californians would be better off on average if all final users in the state paid the same price for water — adjusted for quality, place and time — even if, as a result, ...

April 22, 2015, 3:33 pm, 1459945

Proximity matters:

An energy company from Thailand said today that it is considering building an ethane cracker in Belmont County, a project that could lead to billions of dollars worth of investment.

“We are one step closer to landing a new, multibillion-dollar investment in eastern Ohio, and that’s exciting news for our ...

April 22, 2015, 1:33 pm, 1459856

According to the Earth Day Network Ecological Footprint Calculator. You can thank me later.

April 22, 2015, 1:33 pm, 1459855

Ever wonder whether care for the environment outweighs the incentive power of low prices?

Wonder no more.

Car buyers are trading in hybrid and electric cars for SUVs at a higher rate than ever before, according to a new analysis from car-buying platform The analysis offers a ...