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?


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Megan McArdle

Asymmetrical Information


July 5, 2015, 12:34 am, 1501983
Wikimedia Commons

Like most writers, I am an inveterate procrastinator. In the course of writing this one article, I have checked my e-mail approximately 3,000 times, made and discarded multiple grocery lists, conducted a lengthy Twitter battle over ...


May 9, 2015, 4:34 am, 1470832

Guest post by Laura McKenna, former political science professor, blogger, and freelance writer

With the cutbacks in school funding, many school districts ...


May 9, 2015, 4:34 am, 1470831

Guest post by Jonathan H. Adler, a professor at the Case Western Reserve University School of Law and regular contributor to the Volokh Conspiracy

No environmental issue is more polarizing ...


May 9, 2015, 4:34 am, 1470826

Guest post by Laura McKenna, former political science professor, blogger, and freelance writer.

I became fascinated with the romance novel industry this spring.

It all began when a friend recommended that I check out ...


May 9, 2015, 4:34 am, 1470827

Guest post by Laura McKenna, former political science professor, blogger, and freelance writer.

I became fascinated with the romance novel industry this spring.

It all began when a friend recommended that I check out a romance ...


May 9, 2015, 4:34 am, 1470825

Guest post by Laura McKenna, former political science professor, blogger, and freelance writer

With the cutbacks in school funding, many school districts ...


May 9, 2015, 4:34 am, 1470822

Guest post by Dr. Manhattan, a lawyer in New York City who represents, among others, clients in the investment management industry.

Last week, Mitt Romney released a white paper detailing his (current) positions on education policy. One of its prominent features was a proposal to make federal ...


May 9, 2015, 4:34 am, 1470821

Guest post by Mark A.R. Kleiman, public policy professor at UCLA. Professor Kleinman regularly blogs at The Reality Based Community

I'm grateful to Megan for the invitation to guest-blog, but I'm also somewhat daunted at the prospect of having to replace her usual output in quality and quantity. So, as ...


May 9, 2015, 4:34 am, 1470823

Guest post by Dr. Manhattan, a lawyer in New York City who represents, among others, clients in the investment management industry.

Last week, Mitt Romney released a white paper detailing his (current) positions on education policy. One of its prominent features was a proposal to make federal funds allocated ...


May 9, 2015, 4:34 am, 1470824

Guest post by Laura McKenna, former political science professor, blogger, and freelance writer

With the cutbacks in school funding, many ...