Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

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May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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.


The Economics Roundtable is sponsored by EconModel.

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The Borjas Blog

"George Borjas’s thoughts on immigration, labor markets, and random stuff”

September 12, 2017, 1:19 pm, 1773973

What's the world coming to?

First, I read about American Express offering some of its customers $300 to close their accounts. (Note to AMEX: how come ...

September 12, 2017, 1:19 pm, 1773974

There's a very interesting article in Forbes about Indian immigration to the United States.

Most ...

September 12, 2017, 1:19 pm, 1773975

Having lived in California for a long time, I followed the budget crisis there with some interest. Last night, I ran across this item in Instapundit

September 12, 2017, 1:19 pm, 1773976

Immigration, both legal and illegal, was the silent issue in the presidential campaign--despite the rapidly deteriorating economic conditions. I suspect that the worsening labor market will force President Obama to wrestle with the immigration issue sooner rather than later. It'll be hard to justify a ...

September 12, 2017, 1:19 pm, 1773972

I can hardly believe it, but the fifth edition of my textbook

September 12, 2017, 1:19 pm, 1773971

I've been meaning to post that the paper that Jeff Grogger, Gordon Hanson and I wrote on the impact of immigration on the African-American community is now in final form. Here is the abstract:

The ...

September 12, 2017, 1:19 pm, 1773968

The Pew Hispanic Center has an interesting report on the illegal immigrant population in the United States. The Los Angeles Times

September 12, 2017, 1:19 pm, 1773969

I've been following the work of the Center for Immigration Studies since the mid-1990s. They regularly publish empirical research on immigration, and I happen to be friends with both the head ...

September 12, 2017, 1:19 pm, 1773970

I've been thinking for some time about the theoretical underpinnings of how immigration affects labor market conditions in sending and receiving countries. It seems to me there is a lot of confusion--some of it needless, some of it deliberate--and all kinds of conceptual ...

September 12, 2017, 1:19 pm, 1773967

The WSJ has a very interesting article:

The Great U-Turn: The developed world, which for decades has offered a difficult but promising path to upward mobility, ...