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.


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 1, 2015, 7:33 am, 1537222
Rod Garratt

The 2012 Nobel Prize in economics was awarded to Alvin E. Roth and Lloyd S. Shapley for their work on matching problems. Two-sided matching problems, like assigning jobs to workers or dorm rooms to students, can be complicated enough. But sometimes the matching problem can ...


August 31, 2015, 7:33 am, 1536593
Tobias Adrian, Richard Crump, Peter Diamond, and Rui Yu



Expectations about the path of interest rates matter for many economic decisions. Three sources for obtaining information about such expectations are ...


August 28, 2015, 7:33 am, 1535614
Rod Garratt and Rosa Hayes



In a previous post, we discussed bitcoin miners’ incentives to undertake a 51 percent attack given the current condition of the bitcoin ...


August 28, 2015, 7:33 am, 1535613
Amy Farber

Have you seen these people? You might come upon them wearing historic period garb. The Society for Creative Anachronism (SCA), founded in 1966, is, according to its website, “an international organization dedicated to researching and re-creating the arts and ...


August 27, 2015, 7:33 am, 1534950
Anna Snider


August 26, 2015, 11:33 am, 1534471
Jaison R. Abel, Jason Bram, Richard Deitz, and James Orr

Today’s Economic Press Briefing at the New York Fed presented our economic outlook for New York, Northern New Jersey, and Puerto Rico. We showed that many parts of the region have bounced back quite well ...


August 26, 2015, 7:33 am, 1534315
Joseph Tracy, Robert Rich, Samuel Kapon, and Ellen Fu



Indicators of labor market slack enable economists to judge pressures on wages and prices. Direct measures of slack, however, are not available ...


August 25, 2015, 7:33 am, 1533702
Stefania Albanesi, Claudia Olivetti, and Maria Prados




The persistence of a gender gap in wages is shaping the debate over women’s equality in the workplace and underscores the challenge facing ...


August 24, 2015, 7:33 am, 1533054


August 21, 2015, 7:33 am, 1532150
Tobias Adrian, Michael Fleming, Daniel Stackman, and Erik Vogt
Fifth in a five-part series
Securities brokers and dealers (“dealers”) engage in the business of trading securities on behalf ...