Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, 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)

May 22, 2015, 7:23 am, 1478923
I sometimes wonder if we expect more than we should from democracy

May 15, 2015, 7:23 am, 1475064
‘With tax, our politicians seem determined to make the process as clumsy and painful as possible’

May 8, 2015, 7:23 am, 1470155
‘Statistics tell us nothing until we understand what is being counted in the first place’

May 1, 2015, 7:23 am, 1465471
‘Scrap all mainstream benefit payments — jobseeker’s allowance, child benefit, housing benefit and even the state pension’

April 24, 2015, 9:23 am, 1461177
‘One myth is that inequality in the UK has risen since the financial crisis. In fact it has fallen quite sharply’

April 17, 2015, 7:23 am, 1457046
If Britain’s top economists were in charge, what policies would they implement? Tim Harford sets the challenge

April 10, 2015, 11:23 am, 1453408
We cannot rely on correlation alone. But insisting on absolute proof of causation is too exacting a standard

April 2, 2015, 1:23 pm, 1449867
How annoying does an ad have to be before a website should refuse to run it?

March 27, 2015, 1:23 pm, 1446567
‘The lesson of all this is that the economy is complicated and textbook economic logic alone will get us only so far’

March 20, 2015, 1:23 pm, 1442841
‘Diamonds are costly because we desire them. But what if that isn’t true? What if they are desirable because they are costly?’