Economics Roundtable

Technical Problems 1/21/15

The website was down for a day and a half, but is back up now.

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)

January 23, 2015, 11:23 am, 1408801
‘The idea that we can somehow measure “the thing that matters most” is quite absurd’

January 16, 2015, 11:23 am, 1405754
‘Every time we say yes to a request, we are also saying no to anything else we might accomplish with the time’

January 9, 2015, 11:23 am, 1401723
‘Travelling 28 miles on a motorbike is four micromorts; cycling the same distance is just over one micromort’

January 2, 2015, 11:23 am, 1397935
Status quo bias means that most of your stuff stays because you can’t think of a good reason to get rid of it

December 19, 2014, 11:23 am, 1392163
There is a vast discrepancy between how we see the world when giving gifts and when receiving them

December 12, 2014, 9:23 am, 1388106
‘Something about the culture of UK schools is nudging young women away from economics’

December 5, 2014, 11:23 am, 1384054
‘It is not clear new technologies are expanding our number of genuine friends’

November 28, 2014, 11:23 am, 1379258
Kickended is important. It reminds us that the world is biased in systematic ways

November 21, 2014, 11:23 am, 1375801
A housing boom is the economic equivalent of a tapeworm infection

November 14, 2014, 1:23 pm, 1371571
‘What else might influence portfolio returns? There is literally no limit to the number of variables’