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.


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Greg Mankiw’s Blog

"Random Observations for Students of Economics”

November 22, 2014, 7:33 am, 1376194

November 15, 2014, 7:33 am, 1371991
Roll Call speculates about who the next director of the Congressional Budget Office might be. This is a key decision facing the newly elected GOP-controlled Congress. After giving a talk at CBO on Thursday and participating in its Academic Advisers Panel on Friday, I am reminded how impressive the CBO staff is and how important the institution is to the ...

November 12, 2014, 3:33 pm, 1370005
Source. Click on graphic to enlarge.

November 12, 2014, 1:33 pm, 1369926

November 11, 2014, 7:33 am, 1368955

October 31, 2014, 3:33 pm, 1361812

October 30, 2014, 11:33 am, 1360767

October 29, 2014, 9:33 am, 1359807
If you are in the DC area, you can hear me speak on November 13.  Click here for more information.

October 24, 2014, 1:33 am, 1356846

October 19, 2014, 9:33 am, 1353658
A great and balanced essay.  Thanks to Alex Tabarrok for the pointer.