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. 


September 18, 2014, 7:33 am, 1337112
Dong Beom Choi, Patrick de Fontnouvelle, Thomas Eisenbach,
and MichaelFleming

The ...


September 8, 2014, 3:33 pm, 1331317
Andreas Fuster, Basit Zafar, and Matthew Cocci

Recent activity in the U.S. housing market has been widely perceived as disappointing. For instance, sales of both new and existing homes were about 5percent lower over the first half of 2014 than over ...


September 8, 2014, 1:33 pm, 1331236
Basit Zafar, Andreas Fuster, Wilbert van der Klaauw, and MatthewCocci

In February 2014, we administered a survey on housing-related issues to the Survey of Consumer Expectations (SCE) panelists. Our primary goal was to secure rich and high-quality information on consumers’ experiences and expectations regarding housing. The survey, ...


September 5, 2014, 7:33 am, 1329824
James Narron, David Skeie, and Don Morgan

In the early 1800s, Napoleon’s plan to defeat Britain was to destroy its ability to trade. The plan, however, was initially foiled. After Britain helped the Portuguese government flee Napoleon in 1807, the Portuguese returned the favor by opening Brazil ...


September 4, 2014, 7:33 am, 1329104
Jaison R. Abel and Richard Deitz

This post is the third in a series of four Liberty Street Economics posts examining the value
of a college degree.

In our recent Current Issues article and


September 4, 2014, 7:33 am, 1329103
Jaison R. Abel and Richard Deitz

This post is the fourth in a series of four Liberty Street Economics posts examining the value
of a college degree.

The promise of finding a good job upon graduation has always ...


September 3, 2014, 1:33 pm, 1328632
Jaison R. Abel and Richard Deitz

This post is the second in a series of four Liberty Street Economics posts examining the value
of a college degree.

In yesterday’s blog post and in our


September 3, 2014, 9:33 am, 1328463
Jamie McAndrews

No one can accuse the Federal Reserve Bank of NewYork of not being a big supporter of central bank cooperation. Furthering that theme, I’m pleased to report that EmanuelMoench will join the staff of the Bundesbank after having launched his career here at the ...


September 2, 2014, 3:33 pm, 1328049
Anna Snider

In her speech “Labor Market Dynamics and Monetary Policy” at the Kansas City Fed’s recent Jackson Hole symposium, Fed chairwoman JanetYellen discussed economic puzzles challenging policymakers, including topics we’ve addressed on Liberty Street Economics. A central and much-debated question is: how tight ...


September 2, 2014, 7:33 am, 1327761
Jaison R. Abel and Richard Deitz

This post is the first in a series of four Liberty Street Economics posts examining the value
of a college degree.

Not so long ago, people rarely questioned the value of a ...