Economics Roundtable

May 2014 Payroll Employment

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

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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”

October 6, 2015, 9:33 am, 1553844

Rachel Cleetus:

Starting in 2013, China began to pilot carbon cap-and-trade programs at the sub-national level. The pilot programs now extend to six cities (Beijing, Chongqing, Hangzhou, Shanghai, Shenzhen, and Tianjin) and two provinces (Guangdong and Hubei). The experiment has had some encouraging results, and (together with lessons from the EU ...

October 6, 2015, 9:33 am, 1553845

A bit late but still:

Warning that Hurricane Joaquin was expected to produce powerful winds, violent swells, and dangerous rip currents, the National Weather Service strongly advised Americans today not to go surfing unless they could really shred that shit. β€œAs Joaquin gains strength and begins to approach the Eastern Seaboard, ...

October 5, 2015, 3:33 pm, 1553451

From the inbox:

The Volkswagen emissions scandal is putting pressure on many countries to take a closer look at their vehicle emissions testing for cars that run on diesel fuel. It seems that such engines are actually worse for the environment than previously thought, ...

October 5, 2015, 1:33 pm, 1553374

Tyler Cowen:

The behavior of Volkswagen has been heinous and the company and probably some of its executives deserve some serious punishments. Yet our reaction to the scandal is as illuminating as the misbehavior itself. We get much more upset when people do wrong out of deliberate fraudulent intent rather than ...

October 5, 2015, 1:33 pm, 1553373

The DOJ announced that the Trustees in the BP Deepwater Horizon NRDA case have proposed to accept the settlement in principle with BP. The numbers appear to be pretty much the same as previously announced, with additional payments of $500 million for unanticipated restoration (in addition ...

September 29, 2015, 11:33 am, 1550678

An interesting read on the emotional fragility of college students today.  I probably would've used a different phrase than 'Buck up,' but the point is well-taken. 

Faculty at the meetings noted that students’ emotional fragility has become a serious problem when in comes to grading. Some ...

September 29, 2015, 11:33 am, 1550677

The National Socio-Environmental Synthesis Center (SESYNC), located in Annapolis, Maryland, invites applications for two-year postdoctoral fellowships to begin between May 1 and October 1, 2016.

The SESYNC Postdoctoral Fellowship Program brings early-career scholars to SESYNC to:

undertake individual research projects, participate in the Socio-Environmental Immersion Program, which immerses scholars in theory foundational ...

September 29, 2015, 11:33 am, 1550676

I'm getting my range of premature death estimates from Margot Sanger-Katz and John Schwartz:

Volkswagen’s diesel deception unleashed tons of extra pollutants in the United States, pollutants that can harm human health. So while many commentators have been quick to say that the cheating engines are not a highway safety concern, ...

September 28, 2015, 11:33 am, 1550115

I read the headlines last week and didn't get towards the bottom, but the second half is the most interesting (after the "..." below):

President Xi Jinping of China will make a landmark ...

September 28, 2015, 11:33 am, 1550114

"My view after I tell the class a joke." - @ECUProfessor πŸ˜πŸ˜•πŸ˜‘πŸ˜πŸ˜πŸ˜•πŸ˜•πŸ˜‘πŸ˜

Shit Academics Say (@AcademicsSay) September 28, 2015