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.


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Megan McArdle

Asymmetrical Information


August 5, 2014, 8:34 pm, 1312431

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

It can be a bit lonely working on environmental issues from the "right" side of the political spectrum. Environmental academics and activists ...


July 2, 2014, 10:34 pm, 1294550

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 ...


July 2, 2014, 10:34 pm, 1294551

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 ...


July 2, 2014, 10:34 pm, 1294552

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 ...


July 2, 2014, 10:34 pm, 1294549

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 ...


July 2, 2014, 10:34 pm, 1294547

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, ...


July 2, 2014, 10:34 pm, 1294544
This is a bittersweet post for me to write.  I've missed you all terribly while on leave, and in the interim, Newsweek has come to me and made me an offer I couldn't refuse to move there.  I'll still be on leave for a few more months while I finish ...


July 2, 2014, 10:34 pm, 1294545

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:      ...


July 2, 2014, 10:34 pm, 1294546

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:    ...


July 2, 2014, 10:34 pm, 1294548

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, ...