Economics Roundtable

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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Undercover Economist (Tim Harford)

August 24, 2016, 1:23 am, 1667079
‘To enjoy higher wages, smart people must waste time and money going to the trouble of acquiring a degree’

August 17, 2016, 1:23 am, 1665062
‘Careful surveys of wellbeing are an important tool in figuring out the wisest way to spend public money’

August 10, 2016, 1:23 am, 1662885
‘The reason eBay and Airbnb work is not because of brilliant online reputation systems but because most people aren’t crooks’

August 3, 2016, 1:23 am, 1660213
‘We all have days of switching focus from one task to another but never actually doing anything. Can we borrow a solution from computers?’

July 27, 2016, 1:23 am, 1657531
‘Fossil fuels have a formidable head start as our entire existing energy system revolves around them’

July 20, 2016, 1:23 am, 1655216
‘The pressing issue for the UK has not been rising inequality but weak growth’

July 13, 2016, 7:23 am, 1653263
‘We are quite capable of clinging on to our beliefs by picking whatever facts support them’

July 6, 2016, 7:23 am, 1651310
‘Most economists think the British public shot itself in the foot, and did so against expert advice’

July 1, 2016, 7:23 am, 1650108
‘When we stop admiring how much the pie has grown, we start fighting each other for a larger slice’

June 24, 2016, 7:23 am, 1648128
‘Hosting the games is not unlike building a church for one single, glorious wedding celebration’