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”

June 21, 2016, 9:34 am, 1647144

June 20, 2016, 7:33 pm, 1646995
In my  recent NY Times article, I explored several hypotheses to explain slow growth. One was based on work by Alberto Alesina and Silvia Ardagna suggesting that the standard Keynesian view of tax and spending multipliers is inconsistent with the international evidence. 

Paul Krugman says the Alesina-Ardagna work ...

June 17, 2016, 1:33 pm, 1646331
Click here to read my column in Sunday's NY Times.

June 12, 2016, 7:33 am, 1644673
In the Silicon Valley suburbs, activists are pushing for laws that limit rents, even though, as the article says, "economists have an almost universally dim view of rent control."

June 6, 2016, 5:34 pm, 1643074

June 1, 2016, 3:33 pm, 1641678
A friend emails me:

This article in the today's NY Times discusses how musicians who play near the site where John Lennon died have had trouble managing the common resource of a strategically placed park bench. ...

May 28, 2016, 1:33 pm, 1640630

May 27, 2016, 9:33 am, 1640373

May 26, 2016, 9:34 am, 1640061

May 22, 2016, 9:33 am, 1638734