Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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 23, 2014, 1:33 pm, 1259711
Erik Paul Johnson in Resource and Energy Economics:

Renewable portfolio standards (RPSs) have become a popular tool for state governments to promote renewable electricity generation and to decrease carbon dioxide emissions within a state or region. Renewable portfolio standards are a policy tool likely to persist for many decades due to ...

April 23, 2014, 9:33 am, 1259530

From the comments:

I was wondering if there is a table of contents available somewhere.

Here is a PDF that contains all of the front and back matter (except for the introduction) of the Encyclopedia of Environmental and Resource Economics: Download Contents ...

April 23, 2014, 3:33 am, 1259344
From Typepad:

What happened? Beginning Thursday evening, Typepad was hit with a distributed denial of service (DDoS) off and on through today. A DDoS attack is an attempt to make services unavailable, but in no way was your Typepad account compromised. All information in your Typepad account is secure, including billing ...

April 23, 2014, 3:33 am, 1259343

Unfortunately, in this case it is a research lab:

For more than a century, federal scientists have worked on Pivers Island near the historic town of Beaufort and the beaches of Emerald Isle studying the ocean and the fish, turtles and dolphins of its seagrass estuaries and rocky reefs.

Surrounded by three ...

April 18, 2014, 1:33 pm, 1257654

A citrus disease spread by a tiny insect has devastated Florida's orange crop, which is expected to be the worst in nearly 30 years, and sent juice prices soaring on New York markets.

The culprit? The gnat-sized Asian citrus psyllid, which is infecting citrus trees ...

April 17, 2014, 1:33 pm, 1257131

April 17, 2014, 9:33 am, 1257001

In the mail yesterday--get yours today (it will help our publisher recoup our whopping advance):

April 17, 2014, 9:33 am, 1257000

I saw Tim's post and clicked on the Amazon link. I love the listing -- "Used - Like New". Also, Amazon is finally recognizing that a PhD from an SEC school is not a real PhD.

April 17, 2014, 9:33 am, 1256999

Mark Thoma:

Paul Krugman:

Rising Sun: Joe Romm draws our attention to the third slice of the latest IPCC report on climate change, on the costs of mitigation; the panel finds that these costs aren’t that big — a few percent of GDP even by the end of the ...

April 17, 2014, 9:33 am, 1256998

The Comics Curmudgeon:

New-school Mark Trail: not only does he consort with geese but he also expresses the human emotion of affection for his wife? Bizarre. I mean, at least he’s doing it from a distance of several miles, so he won’t be expected ...