Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.


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.


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April 1, 2015, 8:44 pm, 1449414

IN THIS week's print edition, we take look at land and its importance as a factor of production. In particular, we argue that poor land use in the world's biggest cities carries a huge cost. Many economists have argued for ...


March 31, 2015, 2:44 pm, 1448478

THIS week our correspondents discuss the general election campaign in Britain, the latest news from Greece and the slowdown in America’s economy


March 27, 2015, 4:44 pm, 1446650

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 ...


March 27, 2015, 4:44 am, 1446228

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 ...


March 25, 2015, 4:44 pm, 1445272

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 ...


March 25, 2015, 10:44 am, 1445040

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 ...


March 24, 2015, 6:44 pm, 1444699

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


March 24, 2015, 8:44 am, 1444316

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


March 20, 2015, 2:44 pm, 1442852

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 ...


March 19, 2015, 2:44 pm, 1442185

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, "