Economics Roundtable

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)

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

October 10, 2014, 1:23 pm, 1349261
The problem of saving the environment, then, is also the fundamental social problem: how do we come together and co-operate?

October 3, 2014, 11:23 am, 1345624
Most active managers do not manage to outperform passive funds – particularly not when their fees are deducted

September 26, 2014, 1:23 pm, 1341917
Just because a problem exists does not mean that a new regulation will solve it

September 19, 2014, 9:23 am, 1337909
It was Selten’s chain store paradox that first attracted me to economics, with a heady mixture of logic, psychology and military strategy

September 12, 2014, 9:23 am, 1333886
In a world of limited generosity, who is to say which cause should be at the head of the queue?

September 5, 2014, 11:23 am, 1329968
Don’t draw up your task list in the morning – do it the evening before, when you will have a more distant perspective

August 12, 2014, 7:23 am, 1316832
The cut and thrust of smaller competitors seems a reliable way to produce many of the everyday innovations that matter

August 5, 2014, 7:23 pm, 1312133
Somebody, somewhere has to be able to say, ‘That’s great – but it just costs too much’

August 5, 2014, 7:23 pm, 1312132
Since Londoners cannot seem to stop asking, ‘Is there a bubble?’, I’ve been trying to figure out the answer