Economics Roundtable

-- Recession? --

Are back-to-back quarters of 0.6% GDP growth a recession? The blogs weigh in at Recession?

Will a 2% Fed Funds rate help? Fed Watch

-- Economic Principals --

David Warsh reports the latest on this year's free agent season for academic economists.

-- EconModel --

The Economics Roundtable is sponsored by EconModel.

Classic Economic Models

Online, interactive models cover micro, macro, and financial markets.

-- Statistics --

137 Commentators
As of 2/19/08, the Economics Roundtable includes 137 commentators.

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EconWeekly

"Economic analysis of current issues, every Friday.” Francisco M. Torralba.


May 8, 2008, 9:23 pm, 289203
The GDP estimate for the first quarter is out, so it's time to update my ranking of the Wall Street Journal forecasters. (Remember: to pit forecasters against each other I use the Root Mean Squared Error (RMSE) and the most accurate forecaster is the one with the lowest RMSE, ...


April 25, 2008, 9:23 pm, 282303
For a number of years, The Wall Street Journal has been conducting a survey of economic forecasts. The newspaper is kind enough to publish the prediction of each forecaster, so we can entertain ourselves observing how they fare.

I restrict my attention to quarterly forecasts of GDP growth. ...


April 18, 2008, 9:23 pm, 278456
Last week I described the traditional tools of the Fed (open market operations and the discount window) and an old, but less well-known one (repurchase agreements). Then I described the first innovation, the Term Auction Facility, inaugurated in December.

This week I’ll go over the forms of lending ...


April 16, 2008, 7:23 pm, 277213
I just read about this. US Citizenship and Immigration Services (USCIS) received 163,000 applications for H1-B visas through the April 7 deadline. Since that number exceeds the visa cap, the government will not consider any more applications this year (Source: USCIS, via the H1B data blog). 31,200 of ...


April 14, 2008, 7:23 pm, 276135
Recession buzz remained stable from February, at a moderate to elevated level. The Washington Post and the New York Time printed an average of 4.8 stories per day each containing the word “recession,” 0.2 more than in February. Among the set of eight major US newspapers that I track ...


April 11, 2008, 5:23 am, 274798
By popular demand, I improved and expanded the notes I published a couple of weeks ago about the new tools of the Federal Reserve. I have added instruments that are not in place yet but the Fed considers using. I have ended up with a very long post, so ...


April 4, 2008, 9:23 am, 271970
“Americans delay retirement as housing, stocks swoon” was the headline of a recent story in the Wall Street Journal (WSJ). As a description of what's going on, it should be taken with a rock of salt.


March 29, 2008, 3:23 pm, 269108
It’s again that time of the year when some people fill out a lot of forms and everyone gets mad at the government. No, it’s not taxes; it’s the visa program for skilled workers.

April 1st marks the beginning of the annual application period. The government sets a general ...


March 27, 2008, 9:23 am, 268280
This week's post will come out particularly late (some time late Saturday)--I have an important deadline this Friday. Sorry, folks.

I'll leave you with a couple of great comics from phdcomics.com:



March 25, 2008, 11:23 am, 267231
After reading comments from readers and doing my homework I've made some changes to the previous post, where I describe recent innovations in the Federal Reserve's modus operandi. The text in bold face is either new or has been rewritten from the previous version. I've also added a couple ...



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