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)

November 20, 2015, 7:23 am, 1579617
‘The Budget bears not even a passing resemblance to how we economists were taught that taxes should work’

November 13, 2015, 7:23 am, 1576007
‘It is not clear that the US economy has suffered much from terrorism, even from the enormity of 9/11’

November 6, 2015, 5:23 am, 1571365
‘The simplest explanation for lengthy disputes? That people misperceive their chances of winning’

October 30, 2015, 9:23 am, 1566992
‘It is one thing to imagine such a future . . . It is another to have confidence that it is approaching’

October 23, 2015, 7:23 am, 1562726
‘The supposed costs or benefits of immigration always omit one crucial group: the migrants themselves’

October 16, 2015, 7:23 am, 1559171
‘A stack of research papers concludes that an excellent cure for poverty is simply to give poor people money’

October 9, 2015, 7:23 am, 1555725
‘MTurk may be something of an unknown quantity but it is more diverse than the traditional study pool’

October 2, 2015, 7:23 am, 1552328
‘Why don’t we see a more sensible system of copyright? Two words: Mickey Mouse’

September 25, 2015, 7:23 am, 1549049
‘Are these new players providing a valuable new service or are they merely an arbitrage play?’

September 18, 2015, 7:23 am, 1545888
‘In 1667 the Dutch ceded Manhattan to the British, thinking sugar-rich Suriname was a better bet’