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.

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Jobs

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 .


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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.


EconModel

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Environmental Economics

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


March 27, 2015, 9:33 am, 1446408


March 27, 2015, 1:33 am, 1446190

My wife is a Marylander and she is obsessed with blue crabs and Old Bay, so we have tried many food items with Old Bay. The typical approach is just to pour a ton of the spice in or on everything, so I was a little skeptical when I heard ...


March 26, 2015, 3:33 pm, 1445961

In the demented political mind of Ted Cruz, denying that climate change is caused by humans is equivalent to Galileo denying that the earth is flat (yep, that's the logic).  Or perhaps there is a political motive behind this pronouncement (shocking, I know).


March 26, 2015, 9:33 am, 1445707

On Mars:

Fearing that any further delay might prevent their movement from having any meaningful impact, a consortium of leading conservationists confirmed Wednesday it is attempting to get a head start on preserving the planet Mars.

The newly formed group, known as the Redder Tomorrow Foundation, has reportedly begun fundraising, developing awareness ...


March 25, 2015, 3:33 pm, 1445260

Snark warning.

CONGRESS long ago established a basic principle governing the extraction of coal from public lands by private companies: American taxpayers should be paid fair value for it. They own the coal, after all.

...let them be received, ...


March 25, 2015, 1:33 pm, 1445208

Continuing my research experience for undergraduates (REU) obsession, I have an independent study student this semester who is estimating determinants of votes on a renewable portfolio standard and the resulting willingness to pay with some leftover data from Landry et al. (2012). Here is the abstract that ...


March 25, 2015, 9:33 am, 1445022

Announcing a really terrific opportunity for young scholars:

The Career Advancement and Mentorship (CAM) Program sponsored by the Northeastern Agricultural and Resource Economics Association (NAREA) is a mentoring program held in concert with the NAREA Annual Meeting.  The CAM program is a unique opportunity for pre-tenured faculty and early ...


March 25, 2015, 9:33 am, 1445021

David J. Hayes and James H. Stock:

CONGRESS long ago established a basic principle governing the extraction of coal from public lands by private companies: American taxpayers should be paid fair value for it. They own the coal, after all.

Lawmakers set a ...


March 25, 2015, 9:33 am, 1445020

Tyler Cowen:

From Adam Ozimek, here are some very good points, which I had not previously pondered:

…what a carbon tax does is push the required cost threshold up. This would allow solar to become the more profitable source of energy in the US sooner and increase the speed of its dominance here.

However, a carbon tax ...


March 24, 2015, 5:33 pm, 1444694

State environmental regulators are investigating more than a dozen farm manure spills that have seeped into creeks, rivers and ditches during the past two weeks.

Most of the spills reported to the Ohio Environmental Protection Agency have been linked to farmers who had put livestock waste on frozen and snow-covered fields. ...