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”

August 28, 2015, 5:33 pm, 1535986

With world attention focused on both the environment and the economy, Environmental Defense Fund (EDF) is where policymakers and business leaders turn for win-win solutions. This leading green group, with programs from Boston to Beijing, has tripled in size over the past decade by focusing on strong science, uncommon partnerships ...

August 28, 2015, 1:33 pm, 1535848

August 27, 2015, 9:33 am, 1535031

I remember going to the Flames games growing up in Tucker, GA in the early 1970s (and playing street hockey!):

The Calgary Flames’ plan for a new $890 million arena/stadium complex would require the public to pay $690 million of it, and that doesn’t include the potential $300 million ...

August 27, 2015, 9:33 am, 1535030

John Clay:

In his basketball notebook a couple of weeks back, Jerry Tipton wrote about the issue of schools selling jerseys with numbers that often correlate to the most recognizable players on the team. The players themselves receive no money from the sales. The story included UK AD Mitch Barnhart ...

August 26, 2015, 5:33 pm, 1534706

This summer’s Lake Erie algae bloom is almost certain to be the worst on record, warn the scientists who study the lake.


Here is what I said to a group of local environmental professionals about Lake Erie Harmful Algal Blooms last year:

We’ve heard a lot today about solutions for ...

August 26, 2015, 9:33 am, 1534393

Call for papers:

The Society for Benefit-Cost Analysis (SBCA) is now accepting abstracts for participation in our 2016 annual conference on Improving the Theory and Practice of Benefit-Cost Analysis. We define BCA broadly, including cost-effectiveness analysis, risk-benefit analysis, applied welfare economics, damage assessment and other methods. Applications in any public policy ...

August 25, 2015, 3:33 pm, 1534026

From the inbox:

Thank you for your contribution of $8 on 8/21/2015 to the Carbon Neutral Commuter program.

100% of your contribution will be used to purchase carbon offsets.

For complete information about the program and how contributions are being spent, please visitCarbon Neutral Commuter!

And I feel fine.

August 25, 2015, 1:33 pm, 1533942

@aguanomics why are carbon taxes more viable worldwide?

— John C. Whitehead (@johnwhitehead81) August 17, 2015

And we went back and forth a bit from there. Recognizing that the twitter is a lousy way to communicate, David went to the blog:

One ...

August 25, 2015, 11:33 am, 1533858

America's Finest News Source:

According to a new report from the National Oceanic and Atmospheric Administration, July was the hottest month since recordkeeping began in 1880, averaging 1.46 degrees hotter than the July average and beating the previous record-setting month by .14 degrees. What do you think?

August 24, 2015, 3:33 pm, 1533344

From the inbox:

Dear John C. Whitehead,


Considering your published research paper of ‟A Split-Sample Revealed and Stated Preference Demand Model to Examine Homogenous Subgroup Consumer Behavior Responses to Information and Food Safety Technology Treatments” in related areas ofFinance & Economics, we are very interested in publishing yourlatestpapers in the forthcoming issues ...