Economics Roundtable

May 2014 Payroll Employment

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

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Jobs

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.


EconModel

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”


December 19, 2014, 7:23 am, 1392027

The three main sectors of the economy are:

Primary sector – extraction of raw materials – mining, fishing and agriculture. Secondary / manufacturing sector – concerned with producing finished goods, e.g. factories ...


December 18, 2014, 7:23 am, 1391378

Private label brands (or own brand labels) are products sold by a retailer with its own packing, but manufactured by a third party. For example, Tesco sell ordinary branded items, such as Heinz baked beans, but also sell their own ‘Tesco ...


December 17, 2014, 11:23 am, 1390796

In the UK, smoking rates have fallen significantly in the past 40 years. A combination of factors have led to declining smoking rates.

Higher tax Health campaigns warning about the dangers of smoking. Regulations to ban smoking in many public areas, making smoking less ...


December 17, 2014, 5:23 am, 1390582

With economic sanctions and a plummeting price of oil, the Russian economy is seeing a real economic crisis. The value of the rouble is falling – causing inflation and a decline in living standards. Government tax revenues are falling as oil ...


December 16, 2014, 5:23 am, 1389836

Readers Question: The recent issue of health insurance coverage (the fact that everyone must have it or pay a penalty, and that this is causing everyone’s premiums to go up) has me wondering: why can’t the U.S. simply lower overall ...


December 16, 2014, 5:23 am, 1389835

Readers Question: Why do the costs of living keep going up and our wages do not match it?

In recent years, many people have seen the cost of living rising faster than wages. This has led to a fall in


December 15, 2014, 7:23 am, 1389153

A niche product is a product targeting a specific section of a larger industry and market. Niche products are often (but not always) more expensive than more generic products.

Because niche products are fulfilling a particular specialist demand, we find that demand ...


December 10, 2014, 5:23 am, 1386506

Since 1964 the population of the UK has grown by over 10 million people (18.7%).  About 50% of this growth has occurred in the past 15 years.

UK-population-change. Source: ...


December 10, 2014, 5:23 am, 1386505

Readers Question: Would it be possible for a nation to claim that is reducing inflation rate successfully through economic measures,  however at same time is allowing increase of commodities prices such as bread, meat, and etc…

Firstly a fall in the inflation ...


December 9, 2014, 5:23 am, 1385718

Trickle down economics is a term used to describe the belief that if high income earners gain an increase in salary, then everyone in the economy will benefit as their increased income and wealth filter through to all sections in society.

However ...