Economics Roundtable

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.

The Classic Economic Models cover micro, macro, and financial markets.

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Economics Help

"Helping to Simplify Economics”

September 2, 2014, 7:23 am, 1327758

Readers Questions: Could you not also argue not that the Euro is a failure but that it’s members/ECB are pursuing the wrong policy? Predictions of the death of the Euro seem to have been much exaggerated & surely Europe ...

September 2, 2014, 7:23 am, 1327759

In 2007, EU economies, on the surface, seemed to be doing relatively well – with positive economic growth and low inflation. Public debt was often high, but (apart from Greece) it appeared to be manageable assuming a positive trend in economic ...

September 1, 2014, 5:23 am, 1327349

Thanks for the questions, which have been building up in Readers Questions

During the summer holiday, I find it difficult to get into writing economics, but now the new term has started I will get back into the flow. Feel free ...

September 1, 2014, 5:23 am, 1327348

“Readers Question – A microeconomics question. In you labour market section you discuss a monopsonist.You say that “in order to employ one extra worker the firm has to increase the wages of all workers”- why? You give a coal mine as ...

August 14, 2014, 5:23 am, 1318306

Readers question: Why cannot politics and economics be seen in isolation?

Economics is concerned with studying and influencing the economy. Politics is the theory and practice of influencing people through the exercise of power, e.g. governments, elections and political parties.

In theory, economics ...

August 12, 2014, 9:23 am, 1316915

The UK national debt is the total amount of money the British government owes to the private sector and other purchasers of UK gilts.

At the end of June 2014, public sector net debt (excluding financial interventions (PSND ex) was £1,304.6 billion, ...

August 5, 2014, 7:23 pm, 1312064

On campaign in the early 1800s, Napoleon approached a hostelry on the slopes of  Col du Pin Bouchain near Roanne. (BTW: the Col du Pin Bouchain at 759m was the first mountain ever used in the Tour de France in the ...

August 5, 2014, 7:23 pm, 1312063

Readers Questions: I want to know the economic reason behind:

Summer/Winter vacations in school?
or: Why we have summer/winter vacations in school.

This is an interesting question, especially as I have just finished teaching for the year and begun the long summer ...

August 5, 2014, 7:23 pm, 1312062

An economic good is a good or service that has a benefit (utility) to society. Also economic goods have a degree of scarcity and therefore an opportunity cost. This is in contrast to a free good (like air, sea ...

August 5, 2014, 7:23 pm, 1312061

Readers question: Why does Hollywood make so many superheroes movies nowadays? What can be the economics behind it?

I’m not really a movie goer. I think the last Superhero move I watched was the original Superman back in the days when Coal ...