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?


Click on the chart for a larger version.


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)


February 5, 2016, 7:23 am, 1605651
Might a commitment strategy allow you to pay yourself to go to the gym?


January 29, 2016, 7:23 am, 1603357
‘When countries become richer, do they pollute their environment more or less?’


January 22, 2016, 5:23 am, 1601083
‘If many people have patience to queue for scarce (and underpriced) tickets, the value on offer will be consumed by the race to grab it’


January 15, 2016, 5:23 am, 1599100
‘Gender-based mark-ups may not be an economy-wide phenomenon. But they seem to exist for certain products’


January 8, 2016, 7:23 am, 1597125
‘Nobody thinks that there’s any great virtue in forecasts but we find them hard to resist’


December 30, 2015, 1:23 pm, 1594926
‘Some companies base their business models on our tendency to overestimate our willpower’


December 18, 2015, 9:23 am, 1592279
‘Scrooge didn’t waste his money on extravagances for people whose desires he didn’t really understand’


December 11, 2015, 7:23 am, 1589589
‘There are two or three male undergraduate economists for every female undergraduate economist in the US. That is not good’


December 4, 2015, 7:23 am, 1586147
‘People respond in profound ways to tax incentives. They adjust their behaviour to avoid tax’


November 27, 2015, 7:23 am, 1582697
‘Coming up with something new is for suckers; smart people sit back and rip off the idea later’