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.

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”

May 20, 2015, 7:33 am, 1477705

May 20, 2015, 7:33 am, 1477704
Tyler Cowen:

I say downwards:

With bargain gasoline prices putting more money in the pockets of Americans, owners of hybrids and electric vehicles are defecting to sport utility vehicles and other conventional models powered only by gasoline, according to, an auto research firm.

There ...

May 18, 2015, 1:33 pm, 1476429

I've spent most of the time since grades were submitted catching up on reviews. I'm getting old and tired of writing the same things over and over. For example, I tend to referee a few revealed and stated preference data combination papers each year. The data are typically collected from a ...

May 18, 2015, 11:33 am, 1476347
David J. McCowin:

Administrations, not department chairs, are responsible for making decisions about the pay of adjunct instructors. And for most, it’s not a priority. Surely, though, the marketing brochures you received from colleges and universities did not highlight their cost-cutting methods in staffing classrooms. They’re strangely quiet on this growing ...

May 14, 2015, 9:33 am, 1474425

RFF Staff:

An RFF survey of public opinion in Pennsylvania and Texas about shale gas development risks revealed that 41 and 31 percent of respondents, respectively, are “extremely concerned or very concerned” about risks to groundwater and surface ...

May 14, 2015, 9:33 am, 1474423

Kevin Simmons:

In 1999, 2003 and 2013, powerful tornadoes struck [Moore, OK], killing dozens and causing billions of dollars in damage. The 1999 storm had the highest wind speed ever recorded when it hit the nearby town of Bridge Creek. In all, 36 people died. Twenty-four more ...

May 14, 2015, 9:33 am, 1474424

“We don’t just deny evolution,” [19-year old science activist Zack Koplin] says, “We are denying climate change and vaccines and other mainstream science. I’m calling for a Second Giant Leap to change the perception of science in the world.”

To that end, Kopplin would like to see $1 trillion ...

May 13, 2015, 3:33 pm, 1473917

Joseph Stromberg:

Brazil spent about $3 billion building 12 new or heavily refurbished stadiums for last year's World Cup. Officials promised these taxpayer-funded venues would continue to generate revenue for years, hosting concerts, pro soccer games, and other events.

But as Lourdes Garcia-Navarro at NPR reports, most stadiums are failing to ...

May 13, 2015, 1:33 pm, 1473839

And now, humbly, I am:

[Benefit Transfer of Environmental and Resource Values - A Guide for Researchers and Practioners, ed. by Johnston, Rolfe, Rosenberger, & Brouwer, forthcoming 2015] provides a comprehensive review of environmental benefit transfer methods, issues and challenges, covering topics relevant to researchers and practitioners. Early chapters provide accessible introductory ...

May 13, 2015, 1:33 pm, 1473838

Paul J. Burke and Shuhei Nishitateno: 

This study utilizes data for 144 countries from 1991 to 2010 to present the first international estimates of the gasoline price elasticity of road fatalities. We instrument each country's gasoline price with that country's oil reserves and the yearly international crude oil price to address potential ...