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”


February 11, 2016, 4:44 pm, 1607777

In a follow-up to this recent episode with Noah Smith, EconTalk host Russ Roberts sat down with Adam Ozimek of Forbe's and Moody's to explore how new data influences people's world views.

As always, we'd like to continue the conversation and hear what you have to say about ...


February 8, 2016, 6:44 am, 1606272

Adam Ozimek of Moody's Analytics and blogger at Forbes talks with EconTalk host Russ Roberts about why economists change their minds or don't. Ozimek argues that economists make erratic but steady progress using econometrics and other forms of evidence ...


February 3, 2016, 4:44 pm, 1605029

This week, EconTalk host Russ Roberts chats with the Conversable Economist, Timothy Taylor. Together they explore the topsy turvy nature of public conversation about the respective roles of business and the government today.

Russ thinks we're living in the "golden age" of economics communication...So let's not let him down! Respond ...


February 1, 2016, 6:44 am, 1604005

Timothy Taylor, blogger at the Conversable Economist and editor of the Journal of Economic Perspectives talks with EconTalk host Russ Roberts about the role of government and business in taking care of workers and creating economic growth. Taylor discusses ...


January 28, 2016, 8:44 pm, 1603207

In a fascinating and far-ranging conversation with Nobel Laureate James Heckman (who was also one of his teachers), EconTalk host Russ Roberts explored the progress, problems, and limits of econometric analysis--the application of statistics to economic data.

There's a lot to learn this week's episode, and lots to think about ...


January 25, 2016, 6:44 am, 1601646

Nobel Laureate James Heckman of the University of Chicago talks with EconTalk host Russ Roberts about the state of econometrics and the challenges of measurement in assessing economic theories and public policy. Heckman gives us his take on ...


January 21, 2016, 10:44 pm, 1601034

Are you a sneakerhead? Have you organized a portfolio of your collection? (Did you even know you could???) This week, EconTalk host Russ Roberts sat down with the foremost expert on the secondary sneaker market, Josh Luber. They talked about the process of data collection, "deadstock" and the composition ...


January 18, 2016, 6:44 am, 1599679

How many pairs of sneakers do you own? Josh Luber of Campless and StockX talks with EconTalk host Russ Roberts about the world of sneakerheads--people passionate for collecting and trading sneakers. Each week people line up to buy classic ...


January 14, 2016, 4:44 pm, 1598951

In this week's episode, EconTalk host Russ Roberts chats with Greg Ip of the Wall Street Journal about his new book, Foolproof.

How do people formulate their attitudes toward risk? How do people respond to policies that try to insulate them from risk? How should policymakers take these ...


January 11, 2016, 6:44 am, 1597663

When does the pursuit of safety lead us into danger? Greg Ip of the Wall Street Journal and author of Foolproof talks with EconTalk host Russ Roberts about the ideas in his book--the way we publicly and privately try to cope ...