Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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 .


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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?


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Greg Mankiw’s Blog

"Random Observations for Students of Economics”


December 16, 2014, 5:33 pm, 1390271
The best new TV show this year, at least among those I have seen, is Showtime's The Affair. It is a compellingly written and acted drama and crime story told, alternately, from two perspectives. If you want to check out the first episode, you can do so here. (One of the lead actors ...


December 16, 2014, 11:33 am, 1390038


December 13, 2014, 3:33 pm, 1388692
Republicans in Congress talk regularly about repealing the Affordable Care Act, aka Obamacare.  They have not, however, said much about what they will replace it with. One possibility is the plan described here.


December 1, 2014, 3:33 pm, 1380378
Source. Click on graphic to enlarge.


November 23, 2014, 7:33 am, 1376444


November 22, 2014, 7:33 am, 1376194

November 15, 2014, 7:33 am, 1371991
Roll Call speculates about who the next director of the Congressional Budget Office might be. This is a key decision facing the newly elected GOP-controlled Congress. After giving a talk at CBO on Thursday and participating in its Academic Advisers Panel on Friday, I am reminded how impressive the CBO staff is and how important the institution is to the ...


November 12, 2014, 3:33 pm, 1370005
Source. Click on graphic to enlarge.


November 12, 2014, 1:33 pm, 1369926

November 11, 2014, 7:33 am, 1368955