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.

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Undercover Economist (Tim Harford)

February 27, 2015, 1:23 pm, 1430553
The fact that a few large players have such influence over vital services should make us all queasy

February 20, 2015, 11:23 am, 1426105
We don’t have a good sense of our own fallibility. Checking my answers, it was the one I felt the most certain of that I got wrong

February 13, 2015, 9:23 am, 1422016
‘Whether the computer reckons you’re a love match or not isn’t something that anyone should take seriously’

February 6, 2015, 11:23 am, 1417768
‘If Starbucks opens a café just round the corner from another Starbucks, is that really about selling more coffee?’

January 30, 2015, 7:23 am, 1413105
‘The cure for “bad statistics” isn’t “no statistics” — it’s using statistical tools properly’

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