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 .

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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?

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 30, 2014, 9:33 am, 1326971

You'd be hard-pressed to talk me into a mail or telephone survey these days.From the Chronicle of Higher Education:

... a host of researchers, spurred by the rising cost of telephone polls and plummeting participation rates, are pushing to use a new generation of online-only surveys for their research. This ...

August 30, 2014, 9:33 am, 1326972

August 29, 2014, 1:33 am, 1326386

From the western NC best kept secret list:

Laughing Seed Cafe, Asheville

Not so long ago, eating at a vegetarian restaurant could be an ascetic experience even for vegetarians. But all those meat eaters have no idea what they’re missing when they walk past the Laughing Seed Cafe. It distills much ...

August 27, 2014, 3:33 pm, 1325492

Just a little something to make Tim jealous, from the ASSA program(searching on Q5):

August 26, 2014, 1:33 pm, 1324805

With the start of the autumn 2014 semester, the university adds a new housing learning community focused on sustainability to its diverse living options for new and returning students. The university offers its students more than a dozen learning communities, which are comprised of groups of students who live together ...

August 25, 2014, 11:33 pm, 1324398

Yoram Bauman:

With a new school year approaching, this is a good time to update our review of the treatment of climate change in economics textbooks. As in our 2010 and 2012 reviews, some books hit the mark while others are wildly misleading. But we’re happy to say that ...

August 25, 2014, 5:33 pm, 1324309

The course is for senior economics majors, MBAs and graduate students from other programs. My reading list includes BCA examples, overviews, technical stuff (in mostly non-technical language) and other stuff.

Am I missing anything?

Allen, Bryon P., and John B. Loomis. "The Decision to use Benefit Transfer or Conduct Original Valuation Research ...

August 25, 2014, 1:33 pm, 1324163
Natural hazards:

UTC time: Sunday, August 24, 2014 23:16 PM Your ...

August 22, 2014, 9:33 am, 1322987

August 22, 2014, 9:33 am, 1322986

Following rapid warming in the late 20th century, this century has so far seen surprisingly little increase in the average temperature at the Earth’s surface. At first this was a blip, then a trend, then a puzzle for the climate science community.

More than a dozen theories have now been proposed ...