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”

September 17, 2016, 1:33 pm, 1673746
That is the most interesting thing I learned at the recent BPEA meeting.  Click here to learn more.

September 14, 2016, 11:34 am, 1672885

September 12, 2016, 3:33 pm, 1672267
Ec 10, that is.  And another economics course is number four.

September 10, 2016, 1:33 pm, 1671813
Click here to read my column in Sunday's NY Times.

September 8, 2016, 9:34 am, 1671167
I enjoyed this essay by Peter Wehner.  It is not about economics, but the lesson should be heeded by anyone who engages in the national debate over economic policy.

September 7, 2016, 3:33 pm, 1670940
Economics educators may be interested in this upcoming conference. Frank Conway, founder of the Economic Rockstar, will interview me at the conference.

September 3, 2016, 5:33 pm, 1670003
For readers in the Boston area, here is a restaurant recommendation: Tiger Mama.  Fun, Southeast Asian-inspired food from Chef Tiffani Faison. In the Fenway area of the city.

August 26, 2016, 5:33 pm, 1668007

August 26, 2016, 1:33 pm, 1667937
The Princeton health economist sees a coming death spiral: "If you got a bunch of Princeton undergrads to design a health care system, maybe they would come up with an arrangement like the marketplaces."

August 25, 2016, 3:33 pm, 1667641
Not a single one endorses Mr. Trump, says the Wall Street Journal.