Economics Roundtable

Database Maintenance 7/4/15

Routine database maintenance will induce some duplicated items for the next day or two.


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.


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 .


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.


EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


RSS Feed

Free Exchange


July 5, 2015, 12:44 am, 1502264

THIS week's print edition has an array of economics articles that may be of interest. The following have particularly caught our eye:

The budget: Bust to boom (Britain)

The mighty dollar: Feeling green (Finance)

Iraq's economy: An empty chest ...


July 5, 2015, 12:44 am, 1502265

IN THIS week's print edition, we take a look at the latest budget, delivered yesterday by George Osborne, the Conservative chancellor of the exchequer. We called his plans for a rollercoaster of spending cuts until 2018, followed by a splurge, "


July 5, 2015, 12:44 am, 1502266

DANNY ALEXANDER, Britain's chief secretary to the Treasury (a position akin to a deputy finance minister), has a tricky job close to an election. On the one hand, Mr Alexander—a Liberal Democrat—has had to sign off on the budget presented yesterday by ...


July 5, 2015, 12:44 am, 1502267

RARELY have investors lavished so much attention on a single word. After a two-day meeting, the Federal Reserve dropped the word “patient” from its monetary-policy statement. Why the fuss over this single word?

"Patient”, in Fed-speak, indicates that it will hold off increasing ...


July 5, 2015, 12:44 am, 1502263

THIS morning Britain's Office for National Statistics announced that inflation, as measured by theConsumer Prices Index (CPI),dropped to 0% in February (see chart): down from 0.3% in January and 0.5% in December. Rather ...


July 5, 2015, 12:44 am, 1502262

INFLATION picks up in America, Google poaches Morgan Stanley's finance chief and Spanish banks go on the takeover trail


July 5, 2015, 12:44 am, 1502259

THIS week's print edition has an array of economics articles that may be of interest. The following have particularly caught our eye:

South Korea's economy:A tiger in winter(Finance)

Milk and economic development:No use crying(Finance)

Inequality and housing:Through the roof(Finance)

And ...


July 5, 2015, 12:44 am, 1502260

IN RECENT years there has been much talk of a “renaissance” in American manufacturing. A few things seemed to be on the side of the makers. For instance, until recently the dollar was weak. American wages were stagnant, but those in China ...


July 5, 2015, 12:44 am, 1502261

SINCE the publication of "Capital in the Twenty-First Century", Thomas Piketty has won many plaudits for his work on inequality. The book has so far sold more than 1.5m copies. Its arguments have been praised by Nobel-prize winners and politicians alike. Last ...


July 5, 2015, 12:44 am, 1502258

HOW resilient are emerging-market economies? Many are struggling, thanks to the economic impact of a strong dollar. But what would happen if things suddenly got a lot tougher? A new paper, from Liliana Rojas-Suarez of the Centre for Global ...