Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

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 .


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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?


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EconModel

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)


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’


November 7, 2014, 1:23 pm, 1366713
Class matters far less than it used to in the 19th century. Citizenship matters far more


October 31, 2014, 1:23 pm, 1361718
Financial price data are converted into music, the music is played to a rat, then the rat guesses whether the price will fall or rise


October 24, 2014, 1:23 pm, 1357266
Happiness is around six times more sensitive to economic growth when that ‘growth’ is negative


October 17, 2014, 11:23 am, 1352999
There’s huge value in experiments that help us decide whether to go big or go home