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 .

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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Poverty & Growth Blog

"Building Capacity to Reduce Poverty”

July 5, 2015, 1:33 am, 1503379

What? E-learning course on
Policies for Growth
When? October 1-31, 2010
How to Apply? Please follow this link

Tentative Agenda

The story of growth and poverty reduction is much debated in ...

July 5, 2015, 1:33 am, 1503380

All over the world, countries have put in place fiscal stimulus packages as a response to the global crisis. In the US and UK, despite the large fiscal stimuli, the economies are stalling and unemployment rates are still high. Now, Paul Krugman is advocating ...

July 5, 2015, 1:33 am, 1503381

Seventy percent of all trade is trade in goods. World trade volume declined by over 20% from peak levels trough April 2008 to January 2009, and this decline was observed across the board – advanced economies recorded a decline of over 23%, Asia ...

July 5, 2015, 1:33 am, 1503382

After all is said and done, this crisis had its genesis in US and European countries living beyond their means. This was reflected in large current account deficit which was financed by emerging economies of China, Russia, Brazil, Korea and others. This was in ...

July 5, 2015, 1:33 am, 1503378

Join Aleem Walji, formerly of, now the Practice Manager of WBI’s Innovation Team and one of the lead authors for a webinar to mark the launch of a special issue of Development Outreach magazine on “The Power of Innovation.”

In a post-crisis ...

July 5, 2015, 1:33 am, 1503377
Shahid ...

July 5, 2015, 1:33 am, 1503374

The labor market has the unenviable task of not only absorbing the additional workers entering the labor force each year (as a result of population growth) but also dealing with the unemployed workers as economies. The Keynesian view of unemployment is ...

July 5, 2015, 1:33 am, 1503375

July 5, 2015, 1:33 am, 1503376

Greedy speculators in housing and private bankers, financial innovation and failure of risk models, regulators and credit rating agencies were all deservedly blamed for the recent financial crisis. Behind this all is public policy that worsened the ...

July 5, 2015, 1:33 am, 1503373