Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

Click on the image to get a bigger version.


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

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The Classic Economic Models cover micro, macro, and financial markets.


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Beat the Press (Dean Baker)

"Dean Baker’s commentary on economic reporting”


April 23, 2014, 3:23 pm, 1259785

I think it's safe to say that this period in history is one in which liberals have felt unusually exasperated with conservatives, perhaps more than ever before. I can say this with some confidence as a liberal who runs in ...


April 23, 2014, 11:23 am, 1259624

AP Photo/Steven Senne

Supreme Court Justice Sonia Sotomayor

Yesterday, the Supreme Court upheld a provision of Michigan's constitution that ...


April 22, 2014, 7:23 pm, 1259206

We're going to talk about rich people and government spending, but first, some context. At some point you may have wondered about parliamentary systems like they have in Great Britain, in which the party that gets the most seats in the ...


April 22, 2014, 1:23 pm, 1258976

Today, the Supreme Court is hearing arguments in ABC vs Aereo, a case that will (cue drumroll) decide the future of television. Or maybe it won't, but it's a fascinating case, involving the intersection of technology with political and market power. ...


April 22, 2014, 11:23 am, 1258892

From Andrew Mellon’s nearly 11 years as Treasury secretary under Presidents Warren G. Harding, Calvin Coolidge, and Herbert Hoover to our time, when Timothy Geithner went from financial regulator at the New York Federal Reserve to Treasury secretary to investment executive, ...


April 22, 2014, 9:23 am, 1258817

Big Data will eradicate extreme world poverty by 2028, according to Bono, front man for the band U2. But it also allows unscrupulous marketers and financial institutions to prey ...


April 21, 2014, 5:23 pm, 1258524

Here's a question: If Hillary Clinton becomes president, what are conservatives going to say when they want to criticize her for not invading a sufficient number of other countries? I ask because yesterday, David Brooks said on Meet the Press ...


April 21, 2014, 11:23 am, 1258286

Brooke Kimbrough always dreamed of becoming a University of Michigan Wolverine. Her score on the ACT—a college-readiness test—dwarfs the scores of most of her classmates. Earlier this month, she was part of a winning team at the National ...


April 21, 2014, 11:23 am, 1258285

Janet Yellen has only chaired the Federal Reserve for a few months, but you could forgive her if she feels like the new kid in school that nobody wants to sit with at lunchtime. With the resignation of Jeremy Stein ...


April 21, 2014, 9:23 am, 1258217

Brooke Kimbrough always dreamed of becoming a University of Michigan Wolverine. Her score on the ACT--a college readiness evaluation test--dwarfs the scores of most of her classmates. Earlier this month, she was part of a winning team at ...