Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

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.

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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.


RSS Feed

artdiamondblog.com

"Art Diamond’s web log”


September 27, 2017, 5:03 am, 1779836



(p. B1) MARION, Ohio--A new worker is charming the staff at Whirlpool Corp.'s plant here: a robot called Chappy.

Employees at the dryer factory say they have taken a shine to one-armed, programmable robots that have assumed some repetitive tasks, working in concert with their human colleagues. One, nicknamed ...


September 19, 2017, 5:03 am, 1776984



(p. A2) The angst was on display this weekend at the annual conference of the American Economic Association, the profession's largest gathering. The conference is a showcase for agenda-setting research, a giant job fair for the nation's most promising young economists and, this year, the site of endless ...


September 15, 2017, 5:03 am, 1775917



(p. R3) Starting in 1983, when Ronald Reagan was in the middle of his first presidential term, the American economy reeled off three straight years of 4% growth. The economy went on to hit that politically important target in nine of the next 17 years. In fact, ...


September 14, 2017, 5:03 am, 1775412



(p. B1) Even with all the setbacks from recessions, burst bubbles and vanishing industries, the United States has still pumped out breathtaking riches over the last three and half decades.

The real economy more than doubled in size; the government now uses a substantial share of that bounty ...


September 12, 2017, 1:13 pm, 1771301



(p. A13) By now you have read 15 articles on the Seattle minimum-wage fiasco. Since the city boosted its local minimum from $9.47 in 2014 to $13 last year (on its way to $15), a detailed investigation by University of Washington economists finds that beneficiaries actually saw ...


September 12, 2017, 1:13 pm, 1771300



(p. B3) With the rise of new technologies like smartphones and 3-D printers, fashion start-ups like Feetz are changing the ways goods are ordered, made and sold.

Like Ms. Beard, several founders of these companies don't have fashion backgrounds. Instead, they consider technology the answer to off-the rack, ...


September 12, 2017, 1:13 pm, 1771298



Source of graph: http://www.equality-of-opportunity.org/




(p. 2) These days, people are arguably more worried about the American dream than at ...


September 12, 2017, 1:13 pm, 1771299



(p. A2) Self-driving vehicles have the potential to reshape a wide range of occupations held by roughly one in nine American workers, according to a new U.S. government report.

About 3.8 million people drive taxis, trucks, ambulances and other vehicles for a living. An additional 11.7 million workers ...


August 4, 2017, 5:33 am, 1769103



(p. C1) Research published a decade after the Mariel boatlift, as well as more recent analyses, concluded that the influx of Cuban migrants didn't significantly raise unemployment or lower wages for Miamians. Immigration advocates said the episode showed that the U.S. labor market could quickly absorb migrants ...


August 3, 2017, 5:33 am, 1768693



(p. A15) Democrats loudly complain that people will lose health insurance if the Affordable Care Act is repealed. They never mention those who lose jobs because the ACA remains.

The ACA includes a penalty on employers that fail to provide "adequate" insurance for full-time workers. Thanks to the ACA, ...