Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.

Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.

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.

Click on the image to get a bigger version.

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.

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.

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May 10, 2018, 6:46 am, 1855231

Financially futile, economically erroneous, politically puzzling and socially irresponsible, the December 2011 European summit was a failure that put Europe firmly on the road to nowhere.

May 10, 2018, 6:46 am, 1855232

The eurozone has enough savings. The problem is the distribution of the savings. The nothern European savers do not want to finance the southern European countries.

May 10, 2018, 6:46 am, 1855233

European leaders convened for yet another summit deciding on the fate of the euro area. So are all central parts of a solution now defined?

May 10, 2018, 6:46 am, 1855234

What happens if Italy fails to implement structural reforms and interventions are not enough to avoid a default?

May 10, 2018, 6:46 am, 1855230

Germany’s economic policy strategy is incompatible with the logic of a monetary union. That is the real reason why Europe fails to solve the crisis.

May 10, 2018, 6:46 am, 1855229

It may seem strange to call for an increased international role of the euro. But the flaws of an international monetary system centered on the US dollar are substantial.

May 10, 2018, 6:46 am, 1855226

Italy needs structural reform. But the lack of the lack of structural reform is not the cause of this crisis, nor will structural reform provide a solution.

May 10, 2018, 6:46 am, 1855227

The lack of ressources aggravates the marginalisation of the youth, creating the preconditions for a social earthquake.

May 10, 2018, 6:46 am, 1855228

The new Treaty provides little enhancement with respect to the Stability and Growth pact and includes measures that are either too vague or likely to be ineffective. It also fails to address the current crisis.

May 10, 2018, 6:46 am, 1855225

It was the Troika's biggest mistake to delaythe necessary wageadjustment in Greece. Ultimately, growth can only come from exports, and that requires a steepfall in Greek wages.