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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Liberty Street Economics (NY Fed)

Liberty Street Economics features insight and analysis from economists working at the intersection of research and Fed policymaking. 


November 24, 2014, 7:33 am, 1376847
Rod Garratt and Rosa Hayes





In June 2014, the mining pool Ghash.IO briefly controlled more than half of all mining power in the


November 21, 2014, 7:33 am, 1375630
Mary Tao





Prior to 1876, there was fierce competition among engraving firms and private bank note companies for contracts to print U.S. Treasury bank notes. Then, ...


November 20, 2014, 11:33 am, 1375049
Basit Zafar and Wilbert van der Klaauw

Today, we are releasing new data on consumers’ experiences and expectations regarding credit demand. We’ve been collecting these data every four months since mid-2013, as part of our Survey of Consumer Expectations (SCE). Other data sources ...


November 19, 2014, 7:33 am, 1374139
Rob Dent, Samuel Kapon, Fatih Karahan, Benjamin W. Pugsley, and Ayşegül Sahin

Third in a three-part series This is the third in a series of blog posts on the topic of measuring labor market slack. In this post, we assess the relationships between short- and long-term unemployment ...


November 18, 2014, 7:33 am, 1373348
Rob Dent, Samuel Kapon, Fatih Karahan, Benjamin W. Pugsley, and Ayşegül Sahin

Second in a three-part series In this second post in our series on measuring labor market slack, we analyze the labor market outcomes of long-term unemployed workers to assess their employability and labor force attachment. ...


November 17, 2014, 7:33 am, 1372660
Rob Dent, Samuel Kapon, Fatih Karahan, Benjamin W. Pugsley, and Ayşegül Sahin


First in a three-part series There has been some debate ...


November 14, 2014, 7:33 am, 1371348
Amy Farber

Does the Federal Reserve or the government care about pocketbooks? Not literally pocketbooks (except perhaps for the ...


November 12, 2014, 7:33 am, 1369691
Ravi Bhalla and Rajashri Chakrabarti





In the first of this two post series, we investigated ...


November 10, 2014, 7:33 am, 1368111
Ravi Bhalla and Rajashri Chakrabarti





In the first of this two post series, we investigated ...


November 7, 2014, 7:33 am, 1366467
Amy Farber

Lauren DiCioccio, a mixed media artist, sews (in the sense of embroiders) money. She has created a remarkable Colombian 5,000 peso bill, a Hong Kong 20 dollar bill, a 10 euro bill, and various versions of U.S. paper currency (when ...