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.


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October 16, 2016, 4:44 am, 1683984

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 ...


October 16, 2016, 4:44 am, 1683985

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 ...


October 16, 2016, 4:44 am, 1683986

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


October 16, 2016, 4:44 am, 1683987

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 ...


October 16, 2016, 4:44 am, 1683983

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 ...


October 16, 2016, 4:44 am, 1683982

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 ...


October 16, 2016, 4:44 am, 1683979

BEN BERNANKE, until last year the chairman of America's Federal Reserve, has started blogging. Not just a little bit, either. Mr Bernanke has in the space of a few posts embroiled himself in a weighty online debate with some of ...


October 16, 2016, 4:44 am, 1683980

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 ...


October 16, 2016, 4:44 am, 1683981

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


October 16, 2016, 4:44 am, 1683978

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

Land-shackled economies:The paradox of soil(Briefing)

Greece and its creditors:Starting to list(Finance)

And don't forget to take a look at ...