Economics Roundtable

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”

July 27, 2016, 7:33 am, 1657637

Bitter and twisted:

After two decades of submitting papers to journals, and more than 10 years of serving on an editorial board or editing journals, geography researcher Kevin Ward knows a thing or two about peer review. ...

In all, Ward — from the University of Manchester in ...

July 26, 2016, 11:33 am, 1657276

July 26, 2016, 7:34 am, 1657177

Because all of Canada is going to implement a national carbon price:

Canada will implement a national policy to charge polluters for emitting carbon dioxide by the end of the year, a top government official said.

Catherine McKenna, Canada’s environment minister, told Bloomberg TV Canada that the goal of the policy is ...

July 25, 2016, 9:33 am, 1656812

Michael Greenstone:

We are on course to set another record for the hottest year, the third year in a row, and 2016 may well have the most billion dollar weather disasters. Adaptation to a changing climate looks both necessary and inevitable.

July 23, 2016, 11:33 am, 1656454

I skimmed the Republican Party Platform [PDF] to find out if it says anything about climate change. It kind of doesn't except for this line:

We oppose any carbon tax.

I'm reminded of Mankiw's essay on "the key role of conservatives in taxing carbon." It seems like it is going ...

July 23, 2016, 11:33 am, 1656453
Alan Krupnick:

Mr. Trump’s acceptance speech last night contained few references to energy, but one had to do with bringing coal jobs back. His two themes for why jobs have been lost are costly environmental regulations and bad trade deals leading to foreign competition. Regulations do raise the cost to electric utilities ...

July 22, 2016, 5:33 pm, 1656358

July 22, 2016, 1:33 pm, 1656272

I just realized I've been reading @johnwhitehead81's Friday Beer Posts for years and we may have missed the chance to share an actual beer

— Anthony Rogers (@anthonomics) July 14, 2016

With my family along the only beer I was able to have at the conference ...

July 22, 2016, 3:33 am, 1656103

Here are the daily page views at using Typepad data. The cubic trend line (the cubic fits best) and 300 day forecast is in orange (I don't feel comfortable forecasting beyond 300 days). Outliers have not been removed.

July 21, 2016, 5:34 pm, 1655935