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 2, 2015, 3:33 pm, 1552618
A profile (though I doubt the headline applies to readers of this blog).

September 29, 2015, 11:33 am, 1550680

September 29, 2015, 11:33 am, 1550679
Today, I am wearing my political theory hat.  If you happen to be a student at Brown, you can find me here.

September 24, 2015, 1:33 pm, 1548699

September 16, 2015, 9:33 am, 1544631
From the Wall Street Journal (news article, not editorial page):

Sen. Bernie Sanders, whose liberal call to action has propelled his long-shot presidential campaign, is proposing an array of new programs that would amount to the largest peacetime expansion of government in modern American history. ...

September 14, 2015, 3:33 pm, 1543643
Increase the inflation target, according to this new paper, which uses the dynamic model of aggregate demand and aggregate supply from my favorite intermediate macroeconomics textbook.

September 9, 2015, 3:33 pm, 1541428
Jeb Bush has released a tax plan.  Here are some elements of it that I find attractive:
It lowers the top rate on personal income to 28 percent, the same rate as the bipartisan 1986 ...

September 9, 2015, 9:33 am, 1541181

September 4, 2015, 5:33 pm, 1539565
Click here to read my column in Sunday's NY Times.

September 1, 2015, 5:33 am, 1537171