Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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”

April 17, 2014, 1:33 pm, 1257131

April 17, 2014, 9:33 am, 1257000

I saw Tim's post and clicked on the Amazon link. I love the listing -- "Used - Like New". Also, Amazon is finally recognizing that a PhD from an SEC school is not a real PhD.

April 17, 2014, 9:33 am, 1257001

In the mail yesterday--get yours today (it will help our publisher recoup our whopping advance):

April 17, 2014, 9:33 am, 1256999

Mark Thoma:

Paul Krugman:

Rising Sun: Joe Romm draws our attention to the third slice of the latest IPCC report on climate change, on the costs of mitigation; the panel finds that these costs aren’t that big — a few percent of GDP even by the end of the ...

April 17, 2014, 9:33 am, 1256998

The Comics Curmudgeon:

New-school Mark Trail: not only does he consort with geese but he also expresses the human emotion of affection for his wife? Bizarre. I mean, at least he’s doing it from a distance of several miles, so he won’t be expected ...

April 15, 2014, 9:33 am, 1255719

What is the economic value of research? From the Chronicle a few weeks ago:

Just last week, at a budget hearing on Capitol Hill, a member of Congress cited a well-traveled number: $2.21.

That figure, said Rep. Rosa DeLauro of Connecticut, the top Democrat on the House Appropriations subcommittee in ...

April 14, 2014, 9:33 am, 1255149

Daniel M. Haybron (an associate professor of philosophy at St. Louis University):

What does it mean to be happy?

The answer to this question once seemed obvious to me. To be happy is to be satisfied with your life. If you want to find out how happy someone is, you ...

April 11, 2014, 3:33 pm, 1254475

It's a property rights dispute. Seems there should be a bargain to be struck. But only if both sides are wiling to play by the rules. Which apparently neither side is...

A 20-year dispute between a Nevada rancher and federal rangers over illegal cattle grazing erupted into an Old West-style showdown ...

April 11, 2014, 11:33 am, 1254290

I was in College Station, TX at the end of March to talk about hypothetical bias of stated preference data to the folks in agricultural economics (here is the PDF of the PPT). I covered three recent papers that have ex-ante/ex-post SP/RP data which, as a whole, show (I ...

April 11, 2014, 9:33 am, 1254223