Economics Roundtable

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 30, 2016, 3:33 pm, 1679941

From the inbox:

My name is David Knoller, and I am the Executive Producer of a new drama series entitledTHE ONE PERCENTfrom the MRC (Media Rights Capital) the studio who produces HOUSE OF CARDS. The creators of our series areAlejandro Iñárritu,the director and writer of Birdman & The Revenant, ...

September 29, 2016, 11:33 pm, 1679721

September 29, 2016, 7:33 pm, 1679708

From the inbox:

Dear Colleague,

I am writing to let you know that one or more of your papers was cited in issue 3 of volume 3 of the J. of the Association of Environmental and Resource Economists (JAERE). I have attached a PDF of the paper; the authors and title are:

Laura ...

September 29, 2016, 5:33 pm, 1679691

Sign me up ANC!

Audubon North Carolina said it will soon reach out to private landowners across Watauga County to encourage them to protect and restore priority bird habitats, while simultaneously helping landowners enhance their property in cost-effective and sustainable ways.

// ...

September 29, 2016, 1:33 pm, 1679606


From YouTube:

From Academy Award®-winning filmmaker Fisher Stevens and Academy Award-winning actor, and environmental activist Leonardo DiCaprio, BEFORE THE FLOOD presents a riveting account of the dramatic changes now occurring around the world due to climate change. BEFORE THE FLOOD will be in ...

September 28, 2016, 11:33 am, 1679235

In case you missed the debate Monday night (I wish I had), I think this was the only environmental economics:

Donald Trump on Monday sparred with Hillary Clintonover whether he has called climate change a hoax as they debated the nation's energy policy.

Clinton said the United States should invest in clean ...

September 27, 2016, 9:33 am, 1678866

I can't really tell if they are seriously wondering how to make money from this thing:

In 2005, the town of Boone committed funding so that AppalCART could provide free service for in-town routes. At that time, annual recorded trips were at 652,000, Hughes said.

Fare-free service was wonderful, he said, because ...

September 26, 2016, 5:33 pm, 1678692

Desvousges, Mathews and Train (2015)[DMT] find that their contingent valuation method (CVM) survey does not pass the adding up test. In a previous post (Whitehead, Sept. 20,2016) I examined the data used by Desvousges, Mathews and Train (2015) and find that "it is ... not clear if[the data]passes ...

September 26, 2016, 3:33 pm, 1678648

The standard market-based solution to reducing unwanted behavior is to place a tax on the unwanted behavior, causing people to want to do the unwanted stuff less (that's the law of demand). Here's a good example:

Customers at most stores in Baltimore would have to pay 10 ...

September 24, 2016, 11:33 am, 1678212