Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.


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.


Jobs

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.


EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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Greg Mankiw’s Blog

"Random Observations for Students of Economics”


May 23, 2015, 7:33 am, 1479462

May 17, 2015, 3:33 pm, 1475973
This article makes the case for social, rather than financial, incentives. I am not convinced, but it should generate an interesting class discussion.


May 17, 2015, 11:33 am, 1475942
A few years ago, I had the pleasure of meeting Patrick Moynihan, a Catholic deacon who is the president of The Haitian Project and head of its Louverture Cleary School, in Haiti, for gifted but poor children. Our paths crossed because Patrick was helping to launch a course in economics ...


May 12, 2015, 11:33 am, 1472927


May 10, 2015, 9:33 am, 1471459

May 5, 2015, 11:33 am, 1467920
The NY Times reports:

For investors in hedge funds, like big pension funds, 2014 was not a lucrative year. But for those who managed their money, the pay was spectacular. 


May 3, 2015, 11:33 am, 1466703
Here:40 years later- The relevance of Okun’s "Equality and Efficiency: The Big Tradeoff"


April 27, 2015, 7:33 pm, 1462765
Oddly, Paul Krugman thinks that TPP is not really about trade. CEA Chair Jason Furman, however, writes the following:

The starting point of TPP is the contrast between U.S. tariffs and those of our partner countries. Our trade-weighted average applied tariff rate ...


April 25, 2015, 11:33 am, 1461787
Roland Fryer has won the John Bates Clark Award.  The past three winners have been Roland Fryer (Harvard faculty), Matthew Gentzkow (Harvard undergrad and PhD), and Raj Chetty (Harvard undergrad, PhD, and faculty).


April 25, 2015, 11:33 am, 1461786