Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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)

April 11, 2014, 9:23 am, 1254222
Some research on students suggests economics either attracts or creates sociopaths

April 4, 2014, 9:23 am, 1250843
Research shows that employers ignore people who have been out of work for more than six months

March 28, 2014, 5:23 pm, 1247793
The fault is not in our stars but in ourselves: we underperform the market because we’re doing it wrong

March 21, 2014, 3:23 pm, 1244337
Those who aren’t worried about increasing inequality should still be concerned at stagnation of living standards

March 19, 2014, 11:23 am, 1242954
A nakedly political budget shows that George Osborne views economic logic as an inconvenient distraction

March 14, 2014, 9:23 am, 1240616
The economic dividing line in the UK does not run along the Scottish border, it circles London

March 7, 2014, 7:23 am, 1236905
The overwhelming sense is of a group of men and women who are rooted to the spot in the face of uncertainty

February 28, 2014, 9:23 am, 1233124
The human brain is a marvellous thing but it does not seem to have evolved to cope with high finance

February 28, 2014, 7:23 am, 1233049
This type of property is smaller, cheaper and less likely to be ‘under-occupied’ and more likely to pass the ‘decent homes’ standard

February 21, 2014, 3:23 pm, 1229230
Deflation seems unlikely – but unexpectedly low inflation is a serious enough problem that even a low risk is worth losing sleep over