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”

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.

August 24, 2016, 5:34 am, 1667122
Here are some of the books I have read this summer, all recommended.
Nobody's Fool by Richard RussoSuccess and Luck by Robert FrankThe Upside of Inequality by Edward ConardHillbilly Elegy by J.D. Vance

August 19, 2016, 11:33 am, 1665950

August 18, 2016, 1:33 pm, 1665644

August 17, 2016, 7:33 am, 1665148
Fact of the day: "Danish-Americans have a measured living standard about 55 percent higher than the Danes in Denmark. Swedish-Americans have a living standard 53 percent higher than the Swedes, and Finnish-Americans have a living standard 59 percent higher than those back in Finland."

August 16, 2016, 5:33 pm, 1664991

August 11, 2016, 1:33 pm, 1663512

August 8, 2016, 1:33 pm, 1662204