Economics Roundtable

Database Maintenance 7/4/15

Routine database maintenance will induce some duplicated items for the next day or two.

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”

July 28, 2015, 11:33 am, 1516995
Click here to read my piece in this coming Sunday's NY Times Book Review.

July 17, 2015, 3:33 pm, 1511243
Click here to read my column in Sunday's NY Times.

July 8, 2015, 5:33 pm, 1505898
Click on graphic to enlarge

July 8, 2015, 9:33 am, 1505573
I am delighted to report that I am no longer chairman of the Harvard economics department.  My three-year sentence term having been completed, I am happy to turn things over to David Laibson. Condolences Congratulations, David.

July 6, 2015, 7:33 am, 1504110
With the problems in Greece now leading the news, this old article by the great Milton Friedman is worth (re)reading.  (Martin Feldstein made similar arguments at the time in this article.)

July 3, 2015, 7:33 am, 1501113
I recently had the pleasure of seeing several films at the Nantucket Film Festival.  My favorite was Best of Enemies, a documentary about the TV debates between William Buckley and Gore Vidal during the 1968 presidential nominating conventions.  It is being released later this month. 

Here is the ...

July 2, 2015, 5:33 pm, 1500905
I happened to be flipping through another introductory economics textbook. (Yes, some people have the temerity to try to compete with my favorite textbook.) I noticed an error that is, unfortunately, all too common in how introductory economics is taught.  I won't mention which book it is, because I am quite ...

June 29, 2015, 7:33 pm, 1498923

June 22, 2015, 1:33 pm, 1495046

June 14, 2015, 11:33 am, 1490899
I just got back from Utah, where I was one of the speakers at a conference that has been dubbed "Club Mitt." One of the other speakers--this one a politician rather than a nerdy academic like me--spoke about the need to reauthorize the Export-Import Bank.  (I won't mention the person's name, since the ...