Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

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 .


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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?


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EconModel

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”


November 29, 2016, 1:33 pm, 1698260

Definition:evoking a keen sense of sadness or regret.

Example (from the RESECON listserv):

The U.S. Environmental Protection Agency (U.S. EPA) has published a new report, 'Climate Change Indicators in the United States, 2016 (Fourth Edition)'.

‘The Earth's climate is changing. Temperatures are rising, snow and rainfall patterns are shifting, and ...


November 29, 2016, 9:33 am, 1698174

Timothy Taylor:

The US government passed its first Air Pollution Control Act in 1955, but the major amendments to that law passed in 1970--including the creation of the Environmental Protection Agency to administer the law--greatly expanded the federal and state enforcement efforts. The EPA has published a web report called ...


November 28, 2016, 5:33 pm, 1697994
From the AAA:

Drivers this year paid the second lowest gas prices for Thanksgiving since 2008, and the national average has steadily dropped days ahead of Wednesday’s OPEC meeting in Vienna, Austria. During the meeting, OPEC is expected to carve out the details for a production cut which could potentially result ...


November 28, 2016, 3:33 pm, 1697949

From October 31:

Some outreach of community-based faculty/student research:

[Watauga County] Commissioners heard from High Country Recreation representative Dr.Scott St. Clair and ASUeconomics professor John Whitehead about the economic benefitsof a recreation center. The presentation indicated that a recreation center could generate a $36 million dollar impact on the local economy and ...


November 28, 2016, 9:33 am, 1697821

Thomas Stratmann at medium.com (Five Ways to Write a Better Essay):

It’s the end of the semester. Your term paper is due soon. You’re starting to stress about grades. Writing long essays is tiring. A major essay that can make or break your semester grade? That’s ...


November 23, 2016, 11:33 am, 1696914

I told a bunch of people at the SEA meetings that the fires in western NC weren't near me.Well, one startedwhen I got back and is about 15 or so miles away.

Sunrise over the #HortonFire. Updates will be shared after operational briefings are ...


November 22, 2016, 5:33 pm, 1696644

From CNN:

President-elect Donald Trump conceded Tuesday there is "some connectivity" between human activity and climate change and wavered on whether he would pull the United States out of international accords aimed at combating the phenomenon, which scientists overwhelmingly agree is caused by human activity.

The statements ...


November 22, 2016, 5:33 pm, 1696643

I think I could confuse some people if I applied for the position of Director of the Haub School of Environment and Natural Resources:

Please distribute this announcement to individuals you think may be interested for the Director position of theHaub School for the Environment and Natural Resources. It ...


November 17, 2016, 5:33 pm, 1695302


November 17, 2016, 1:33 pm, 1695200

This one is on my Christmas list:

A Primer on Nonmarket Valuation

Editors: Champ, Patricia A., Boyle, Kevin, Brown, Thomas C. (Eds.)

Covers the main nonmarket valuation techniques at a level appropriate for individuals who do not have a PhD in economics Chapters are laid out similarly with the ...