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.

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Greg Mankiw’s Blog

"Random Observations for Students of Economics”

October 24, 2016, 11:33 am, 1686157
This coming Friday, I will be interviewed by Frank Conway at an Economics Teaching Conference.  You can hear a live broadcast of the interview by registering here.

October 21, 2016, 11:33 pm, 1685784
Click here to read my column in Sunday's New York Times.

October 21, 2016, 9:33 am, 1685619
For the next couple days, I will be hanging out at this conference.  Various papers available at the link.

October 19, 2016, 9:33 am, 1684901

October 14, 2016, 5:33 pm, 1683843
Today and tomorrow, I am attending this conference at the Federal Reserve Bank of Boston. Papers and some videos available at the link.

October 12, 2016, 3:33 pm, 1683107

October 10, 2016, 7:33 am, 1682277

October 6, 2016, 3:33 pm, 1681535
1. "The Dramatic Economics of the U.S. Market for Higher Education," Caroline Hoxby's Martin Feldstein Lecture.

2. "Matching Markets and Market Design," the 2016 Methods Lectures, which were presented by Atila Abdulkadiroglu, Nikhil Agarwal, Itai Ashlagi, Parag Pathak, and Al Roth.

October 6, 2016, 7:33 am, 1681345

October 4, 2016, 7:33 am, 1680632