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 .
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.
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?
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"Economists on Environmental and Natural Resources: News, Opinion, and Analysis”
This paper aims to identify the causal effect of smoking on body mass index (BMI) using data from the Lung Health Study, a randomized trial of smoking cessation treatments. Since nicotine is a metabolic stimulant and appetite suppressant, quitting or reducing smoking could lead to weight gain. Using randomized treatment ...
Shannon Wulf Tregar:
The US Environmental Protection Agencyâ€™s Clean Power Plan suffered a setback this week as the Supreme Court blocked the agency from requiring states to submit compliance plans until the program is reviewed by a lower court. Beyond the Clean Power Plan, and given polarized opinions on various regulatory ...
Sad note: Dubious and Dubiouser is not even mentioned at the end!
The February NBER Digest summarizes a July, 2015 NBER working paper that takes another look at the EPA's Sulfur Dioxide Cap and Trade Program (Acid Rain Program) and finds good news and bad news. The good news, there were significant cost savings from the Acid Rain Program. Economists Rejoice. ...
OK, we kinda knew that, but gravity waves exist!
Just like Einstein predicted.
Science is cool.
On Tuesday, the US Supreme Court granted a stay blocking the Environmental Protection Agency from requiring states to submit plans for major reductions in carbon emissions from electric power plants. The stay marks a setback for President Obamaâ€™s Clean Power Plan, which aims to reduce carbon ...
Congress has said this is dead on arrival and won't even talk with the White House budget director about it but hey, there is some good economics in here and that should be applauded:
President Obama is proposing significant funding increases to environmental regulators and clean energy research as part of his ...