Economics Roundtable
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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.
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Crisis Talk
"Policy ideas on the financial crisis”
The World Bank Group
Most emerging markets are having a better crisis than their G7 counterparts. One sign of robustness in emerging markets is the growing importance of their local bond markets. A new paper from Vox by Ismali Dalla and Heiko Hesse (of the IMF) takes a look at how local-currency bond markets are becoming a ...
A few months ago I attended a World Bank conference on Diaspora for Development, which featured several discussions about the relationship between economic crisis and migration. An important component of this relationship is, of course, remittances.
The World Bank estimates that remittance flows will drop by 7-10 percent in ...
Real Time Economics interviews: Hernando de Soto talks about the effects of the crisis on the world's poorest, while our Chief Economist Justin Lin discusses China, the IMF, and stimulus packages.
Paul Kedrosky praises venture capitalists.
One quarter of US jobs are offshorable. It ...
Editor's Note: Nadia Piffaretti is an assistant to the Chief Economist at the World Bank Group and a Special Assistant to the Senior Vice President. She is the author of an upcoming paper on Reshaping the International Monetary Architecture.
The crisis has taught us that economists ought to believe ...
Editor's note: Sebastian Weber and Charles Wyplosz are from the Graduate Institute in Geneva. They are the authors of a World Bank working paper on Exchange Rates during the Crisis.
A key leitmotiv as the financial crisis unfolded was to avoid a repeat of the policy mistakes of the ...
The World Economic Forum has released its Financial Development Report 2009, which scores and ranks 55 of the world’s leading financial systems and capital markets according to their level of financial development. It analyzes the drivers of financial system development and economic growth in developed and developing countries to serve ...
There is an interesting article in Econbrowser by Willem Thorbecke of the Asian Development Bank, which looks at East Asian Production Networks, Global Imbalances, and Exchange Rate Coordination.
Thorbecke highlights the important relationship between exchange rates and production chains in East Asia, arguing for increased policy coordination between ...
European exports declined by 5.8 percent last month, the biggest drop since last January.
Understanding the European Central Bank means looking at its individual members.
The economic blogosphere really is a remarkable resource.
Bloggers at the IMF's ask, Did Islamic Banks in the ...
One sign of crisis abatement is the downward slide of the US dollar. As the market rediscovers its appetite for risk, the dollar's appeal as a safe haven currency diminishes. Indeed, the dollar has become the de facto carry trade currency.
The market has renewed its faith in emerging ...
"Good news for investors who like to lose all their money". LTCM 3.0 is here.
The dangers of ultra cheap money.
Is US Government debt actually "risk-free"?
Historically, a weak dollar has been deflationary.
Great charts from Calculated Risk ...