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”

September 13, 2014, 9:33 am, 1334364
Noah Smith puts it well:

most of our arguments are over things like Obamacare, or antipoverty programs, or financial regulation-- issues on which reasonable people can and do disagree. If you’re uncivil in this sort of situation -- if you ...

September 12, 2014, 5:33 pm, 1334189
A friend sends the following puzzle.  Find the X that fits in this sequence:

16  06  68  88  X  98

September 8, 2014, 3:33 pm, 1331316

September 7, 2014, 7:33 am, 1330657
I much enjoyed this article by Steven Pinker.  An excerpt:

It seems to me that educated people should know something about the 13-billion-year prehistory of our species and the basic laws governing the physical and living world, including our bodies and brains. They should ...

September 4, 2014, 1:33 pm, 1329343

August 28, 2014, 11:33 am, 1325982

August 27, 2014, 5:33 pm, 1325562
Here is a list.  By the way, six are at Harvard, more than any other school.

August 26, 2014, 7:33 am, 1324525
Source To users of my favorite textbooks: Thank you!  Have a great semester.

August 23, 2014, 1:33 pm, 1323553
Click here to read my column in Sunday's NY Times.

August 19, 2014, 11:33 am, 1321072
I will be speaking at the annual conference of the National Economics Teaching Association, which this year is being held on Thursday, November 6th and Friday, November 7th, 2014 in San Diego, CA.  If you want to consider attending, click here ...