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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EconModel

The Economics Roundtable is sponsored by EconModel.

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


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Megan McArdle

Asymmetrical Information


September 19, 2016, 12:34 am, 1675958

Guest Post by Gabriel Rossman-- Professor Rossman is a sociologist at UCLA. His work applies economic sociology to media industries. He blogs at Code and Culture and is the author of Climbing the Charts

In the course ...


September 19, 2016, 12:34 am, 1675960

Guest post by Jim Manzi, founder and Chairman of Applied Predictive Technologies, and the author of Uncontrolled: The Surprising Payoff of Trial-and-Error for Business, Politics and Society.

Gabriel, your very deep post ...


September 19, 2016, 12:34 am, 1675961

Guest post by Scott Winship, Brookings Institution. Follow him on Twitter: @swinshi

I promised that this was the last post I would write this week dwelling on rising inequality at the top, and I do want to shift to the comparatively under-appreciated lack of rising inequality in the bottom half of incomes.  But ...


September 19, 2016, 12:34 am, 1675959

Guest post by Gabriel Rossman -- Sociologist at UCLA. His work applies economic sociology to media industries. He blogs at Code and Culture and is the author of Climbing the Charts.

I study media markets and one of the interesting things about the entertainment industry is there's ...


September 19, 2016, 12:34 am, 1675941

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 ...


September 19, 2016, 12:34 am, 1675942

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

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


September 19, 2016, 12:34 am, 1675940

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 ...


September 19, 2016, 12:34 am, 1675937

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 whether the gold standard is actually the worst economic policy ever proposed, written Facebook ...


September 19, 2016, 12:34 am, 1675938

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

Here is Mitt Romney, criticizing Barack Obama's plans to help the states and localities reverse the shrinkage in government employment currently dragging us back into recession:      ...


September 19, 2016, 12:34 am, 1675939

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

Jim Wilson, who died at a very young and vigorous 80 this March, left a huge imprint on American social science and public policy. He was also my friend, over ...