Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

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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?


Click on the chart for a larger version.


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Angry Bear

"Slightly left of center comments on news, politics, and economics from an economist.”


April 20, 2018, 11:03 am, 1843693
Can Nudging Become A New Road To Serfdom? Last weekend I attended a conference at NYU Law School on “Behavioral Economics and the New Paternalism, organized by Austrian economist Mario Rizzo and classical liberal law professor Richard Epstein. It included economists, lawyers, philosophers, and a couple of psychologists.  While there ...


April 20, 2018, 11:03 am, 1843694


April 19, 2018, 12:34 pm, 1843313
Low response rates are a problem for pollsters. The worst problem is candidate specific response bias in which supporters of one candidate are more likely to respond than supporters of another. This can make polls worthless. It is interested to the other very hard problem of predicting who will actually ...


April 19, 2018, 11:43 am, 1843297
by Jeff Soplop What Happened to the Political Price for Lying? (Part one) James Comey’s recent interview on ABC has resurrected questions about the importance of honesty in public officials. One of the key themes of Comey’s interview, and apparently his soon-to-be-released book, is that Donald Trump is “morally unfit” ...


April 19, 2018, 7:03 am, 1843176
Steve Hutkins of Save the Post Office blog also reviewed the WSJ/Citigroup analysis of the Amazon – USPS agreement in the second half of his article, “Fake News, Flawed Analysis, and Bogus Tweets,” April 8 on Angry Bear. As noted in the first half on Steve’s article presented at Angry ...


April 18, 2018, 10:34 pm, 1843105
Is the US economy booming? April 2018 update Back in January, I asked if the economy was “booming.” There’s no official definition, but based on my recollection of the two periods I have lived through that felt like booms, the1960s and late 1990s, the two times in my life that ...


April 18, 2018, 8:34 am, 1842826
(Dan here…lifted from Robert’s Stochastic Thoughts) Thoughts on Capehart on Kagan I ì’m reading the Washington Post and note one very outstanding op-ed by Catharine Rampell which you should just read. She links to excellent summaries of social science research and notes that Republicans don’t listen to experts and aren’t reality based.But ...


April 18, 2018, 7:23 am, 1842807


April 16, 2018, 6:04 am, 1842069
February 2018 JOLTS report: positive trend revised away Last month I wrote that the January JOLTS report reflected very positive trends. Today they got revised away. As a refresher, unlike the jobs report, which tabulates the net gain or loss of hiring over firing, the JOLTS report breaks the labor ...


April 16, 2018, 12:04 am, 1842011
The OM Wiener award goes to House Speaker Paul Ryan. Paul Ryan can’t just leave, go home, and check with Oscar Mayer to see if he can still drive the OM Wiener Mobile again like he did as a college student. Naaaw, instead he is threating baby boomers with making ...