Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

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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?


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”


September 26, 2017, 2:06 pm, 1779639
Back in July, I wrote a NY Times column about the economics of healthcare. Yesterday, my friend John Cochrane posted a lengthy response. I won't take the time to reply to all of John's points, but like everything John writes, his post is provocative and thoughtful. So I ...


September 19, 2017, 1:45 pm, 1777198

September 12, 2017, 1:16 pm, 1772693
You can hear me interviewed by David Beckworth here.


September 12, 2017, 1:16 pm, 1772695
Economic Lessons from the Musical Hamilton, by Matthew C. Rousu and Courtney A. Conrad, discusses how the great musical can be used to teach economic principles in the classroom.


September 12, 2017, 1:16 pm, 1772692
I much appreciated today's column by David Brooks, though he seems to be describing center-right moderates more than center-left moderates (or is that my own bias showing up?).

David also taught me a new word: syncretistic.  It refers to combining different forms of belief.


September 12, 2017, 1:16 pm, 1772694
Click here to read my column in Sunday's NY Times.


September 12, 2017, 1:16 pm, 1772690
Lady Gaga performed at Fenway Park yesterday (and the day before). Apparently, she is the first woman ever to headline an event at Fenway. It was a great concert.

Good ...


September 12, 2017, 1:16 pm, 1772688
Click here to read my column in Sunday's New York Times.


September 12, 2017, 1:16 pm, 1772689
Every few years, I teach (in addition to ec 10) a freshman seminar for about a dozen students. The seminar is essentially a book group for students who are taking introductory economics concurrently or who have advanced placement credit in economics.  Here is a list of this year's books:
The ...


September 12, 2017, 1:16 pm, 1772691
Source.

To users of my favorite textbooks: Thank you! 
Have a great semester.