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?


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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EconTalk

"Economics podcasts for daily life”

“Hosted by Russ Roberts”


September 26, 2016, 6:44 am, 1678454

How are those in favor of bigger government and those who want smaller government like a couple stuck in a bad marriage? Economist John Cochrane of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about how to ...


September 22, 2016, 4:44 pm, 1677797


Listening to this week's EconTalk episode, I felt a little like a kid in a candy store (and not just because of the reference to Ronald Reagan's jelly beans). It ...


September 19, 2016, 6:44 am, 1676493

What does an x-ray of Hitler's skull have in common with a jar of Ronald Reagan's jelly beans? They are both part of the Hoover Institution archives. Eric Wakin, Director of the Library and Archives of the Hoover Institution at ...


September 14, 2016, 4:44 pm, 1672984

Is economic analysis ready for the age of Big Data? That's the underlying question explored in this week's EconTalk episode. Host Russ Roberts welcomes Stanford's Susan Athey, and they ...


September 12, 2016, 6:44 am, 1672055

Can machine learning improve the use of data and evidence for understanding economics and public policy? Susan Athey of Stanford University talks with EconTalk host Russ Roberts about how machine learning can be used in conjunction with traditional econometric ...


September 9, 2016, 2:44 pm, 1671625

It seems somehow shocking to suggest that the American President be given more power today...Trust me...Having done so in the context of this week's EconTalk episode in different online media (


September 5, 2016, 6:44 am, 1670208

Are there many Americans today who wish the President of the United States had more power relative to the other branches of Congress? Terry Moe is one of them. In this week's EconTalk episode, Moe--a professor of political science at ...


September 1, 2016, 2:44 pm, 1669523

Voluntary exchange is good, right? It's a foundational principle of economics, and probably one of the most revered. Why then would the law purposefully not allow some kinds of ...


August 29, 2016, 6:44 am, 1668335

Leo Katz, professor of law at the University of Pennsylvania, talks with EconTalk host Russ Roberts about his book, Why the Law Is So Perverse. Katz argues that certain seemingly inexplicable features of the law are the result of conflicts ...


August 25, 2016, 8:44 pm, 1667706


EconTalk host Russ Roberts welcomes back favorite guest Michael Munger of Duke University for a complex discussion of slavery and the evolution of racial attitudes in the 19th century American South. ...