Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.


Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.


Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.


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.


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.


RSS Feed

Moneyness (JP Koning)


September 7, 2018, 10:38 pm, 1897655

A strange new bank called TNB, or The Narrow Bank, recently applied to get a clearing account at the Federal Reserve Bank of New York, only to be refused. Funny enough, ...


August 31, 2018, 10:08 am, 1895429

I executed one of the oddest financial transactions of my life earlier this week. I did Norbert's Gambit.

These days a big chunk of my income is in U.S. dollars. ...


August 23, 2018, 12:08 pm, 1892979
SWIFT headquarters in Belgium (source)
German foreign minister Heiko Maas recently penned an article in which he said that "it’s ...


August 17, 2018, 11:47 pm, 1891263


A few centuries ago, lack of fungibility used to be a big weakness of monetary systems. But technological and legal developments eventually solved the problem. Nascent ...


August 1, 2018, 12:08 am, 1882906
In many parts of the world, cash held in ATMs or in cash-in-transit vehicles is protected by so-called intelligent banknote neutralization technology. When a thief tries to force the ATM open, plastic packs filled with dye explode, spraying both the thief and the banknotes. These notes have now been demarcated ...


July 14, 2018, 1:27 am, 1875931


The eyes of the world are on one of history's largest cash withdrawals ever. Earlier this week, the Central Bank of Iran ordered its European banker, Hamburg-based Europaeisch-Iranische Handelsbank ...


June 27, 2018, 3:07 pm, 1871161
Archaic and ignored monetary technologies can be very interesting, especially when they teach us about newer attempts to update our monetary system. I recently stumbled on a neat monetary innovation from the bimetallic debate of the late 1800s, Nicholas Veeder's Republic of Eutopia coin:


June 8, 2018, 11:26 am, 1865747
Network view of cross-border banking, IMF, Minoiu and Reyes (2011)PDF
I recently blogged at Bullionstar on the topic of the ...


June 8, 2018, 11:26 am, 1865746
Network view of cross-border banking, IMF, Minoiu and Reyes (2011)PDF
I recently blogged at Bullionstar on the topic of the ...


May 31, 2018, 11:46 pm, 1863524
Charles Ponzi
Ethereum is being used as a platform for a bunch of ponzi schemes. Is this an indictment of the system; ...