Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.


May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

Click on the image to get a bigger version.


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 .


Click on the image to get a bigger version.


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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March 25, 2015, 8:44 am, 1444954
At a meeting in Kazakhstan last week,  Russian  President Vladimir Putin proposed a currency union for the members of the Eurasian Economic Union (EAEU).  Russia, Kazakhstan, Belarus, and Armenia are the ...


March 8, 2015, 8:44 am, 1435574
The BLS announced Friday that the US economy added 295,000 jobs in February, bringing the unemployment rate to 5.5 percent, a new low for the recovery. The leading stock indexes immediately plunged. The ...


February 7, 2015, 2:44 pm, 1418312
Strong upward revisions reported yesterday by the Bureau of Labor Statistics pushed US payroll job gains to levels not seen since the dot.com boom of the 1990s. According to preliminary data, the economy ...


February 2, 2015, 2:44 pm, 1414653
Remember the 1960s? The 1970s? Back then, inflation surged from one peak to another but failed to deliver the low unemployment rates promised by the Phillips curve. In fit of frustration, ...


January 30, 2015, 12:44 pm, 1413278
The Bureau of Economic Analysis reported today that the growth rate of real GDP slowed to anannual rate of 2.6 percent in the fourth quarter of 2014. That is barely half ...


January 19, 2015, 4:44 pm, 1406837
Consumer and producer surplus are useful concepts for explaining many points of microeconomic theory and policy. Applications include gains from trade in both domestic and international markets, the incidence and excess burden of a tax, ...


January 19, 2015, 12:44 pm, 1406749
The idea of a soda tax is not new. Such a tax is supposed to have a double dividend by raising revenue and, at the same time, attacking the problems of diabetes and obesity.


January 18, 2015, 12:44 pm, 1406423
The Eurozone has been on the brink of deflation for months. The latest data show that for the first time, consumer prices for the currency area as a whole (and for 12 of ...


January 10, 2015, 8:44 am, 1402126
The Bureau of Labor Statistics reported today that the unemployment rate dropped to 5.6 percent in December, a new low for the recovery. For the first time in years, the unemployment rate has ...


January 6, 2015, 8:44 am, 1399463
The snap election in Greece is shaping up as a referendum on five years of austerity that many Greeks view as a disaster. The US economy is much healthier, but that has not ...