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.

Click on the image to get a bigger version.

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.

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

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Inside the Economist’s Mind

"This blog hosts discussion of issues relevant to the new book, Inside the Economist’s Mind, coedited by Nobel Laureate Paul A. Samuelson and William A. Barnett and published by Blackwell Publishing.”

September 12, 2017, 1:16 pm, 1772786
This interesting book review pairs my book, Getting It Wrong, with Ben Bernanke's new book and compares the two.  The two paired reviews appeared in the Economic Record, the journal of the Australian Economic Association.

September 12, 2017, 1:16 pm, 1772787
Book to appear soon.

September 12, 2017, 1:16 pm, 1772788
I don't know who produced this YouTube video about Divisia monetary aggregates, but it certainly is interesting:

September 12, 2017, 1:16 pm, 1772789
I just noticed a post on a British blog about the Bank of England's Divisia M4.  It's interesting:

The blog is amusingly called "wonkery," maintained by Duncan Brown.

He also has another interesting post on that subject:

September 12, 2017, 1:16 pm, 1772785
Peter Ireland at the Shadow Open Market Committee just published an excellent article, "The Right Measure of Money Supply," on the e21 web site.

September 12, 2017, 1:16 pm, 1772784

September 12, 2017, 1:16 pm, 1772781
It seems that I now am "the Godfather" on the Market Monetarist blog site.  Better be careful! 

September 12, 2017, 1:16 pm, 1772782
A recent blog post in ScienceBlog provides interesting insights into the nature of science, with emphasis on physics and economics.

September 12, 2017, 1:16 pm, 1772783
The first Higuchi Award in economics.  Also look here.

September 12, 2017, 1:16 pm, 1772780