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.


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.


The Economics Roundtable is sponsored by EconModel.

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Economics Help

"Helping to Simplify Economics”

May 23, 2015, 3:23 am, 1479434

Firstly, sorry for the low levels of blogging recently. I am working on a new site, waiting for some outside developers. Secondly I am working on completely new Revision Guides for the new economic syllabus coming out soon.

It meant I didn’t do much blogging around the general election – which ...

May 1, 2015, 5:23 am, 1465436

During the years 1997-2007, there was a significant rise in government spending, though as a % of GDP the rise was less marked.

Source: ONS Public Sector Finances MF6U – October 2014

Government ...

April 22, 2015, 5:23 am, 1459535

Question: What are the effects of reducing tax?

Let us take the example of a cut in the basic rate of UK income tax from 20% to 18%

In this case, workers will see an increase in their

April 21, 2015, 5:23 am, 1458799

Readers Question: Why doesn’t WTO make into law that all manufactured goods should either be assembled or made in the continent where its been sold? There is so many reason why this should be put in place in our globalised world

April 19, 2015, 7:23 am, 1457894

Readers Question: I only recently discovered your site, which is spectacular, and have been reading every article since then. However, I found that two of your articles are contradicting. In your article “Problems of Deflation” you state that the current ...

April 5, 2015, 11:23 am, 1450796

I’m off to New York on Wednesday, I’m tempted to stay until May 8th, so I can miss the UK General election campaigning, which so far has been quite depressing for the poor quality of economic debate.

This is just an outline ...

April 4, 2015, 9:23 am, 1450535

Readers Question: I have just been reading your opinion on deflation. You say generally it’s bad unless it is caused by  production and technology improvement. My question is this, how would the consumer know the difference ?

Consumers wouldn’t ...

April 2, 2015, 9:23 am, 1449708

Readers Question: I was really hoping you might be able to inform me of the effects that zero inflation (which the UK is currently experiencing) might have on aggregate demand in the economy?

Firstly, this post will help consider the impact of ...

March 25, 2015, 7:23 am, 1444939

In the UK, CPI inflation has fallen to 0%. Is this a cause for celebration or a cause for concern?

Firstly the government set an inflation target of CPI 2% +/-1 for good reasons. ...

March 19, 2015, 7:23 am, 1441921

Despite high unemployment in the UK, there is a shortage of LGV drivers and it is estimated that the UK will need an extra 150,000 drivers by 2020.

In ...