Economics Roundtable

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.


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.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Moneyness (JP Koning)

November 21, 2015, 1:33 pm, 1580160

Issued a little less than a year ago, Zimbabwe's bond coin is one of the world's newest monetary units. The bond coin is designed to solve one of the most venerable ...

November 16, 2015, 9:33 pm, 1577410

Thanks to a floating exchange rate and one of the longest undefended frontiers in the world, the U.S.-Canada border is the thoroughfare for what may be one of the world's ...

November 11, 2015, 11:33 pm, 1575093

After last week's post on the relative benefits of renting versus buying a home, Ryan Decker†sent me to his earlier post on the subject. In it Ryan mentions an interesting concept I'd ...

November 3, 2015, 3:33 pm, 1569297
Ted Nasmith, An Unexpected Morning Visit
"Why not just get a mortgage and buy the place rather than throwing money away on rent?" That's what ...

October 30, 2015, 1:33 pm, 1567148

†Would it make sense for Apple to peg its stock price at $1? If so, how would it go about doing this?

From the perspective of a firm's shareholders, there's ...

October 24, 2015, 11:33 am, 1563306
One of Gustave Doré's illustrations of The Rime of the Ancient Mariner, plate 4
The minsicule bid ask spreads we see in financial markets ...

October 14, 2015, 11:33 pm, 1558350
Sticky prices illustrated, from Eichenbaum,†Jaimovich, and Rebelo (link)
What makes ride sharing firm Uber interesting is not just its use of new ...

October 5, 2015, 9:33 pm, 1553609

Why can't we create inflation anymore? Maybe it's because money isn't what it used to be.

Money used to be like a car; the market expected it to depreciate every day. When we ...

September 24, 2015, 9:33 pm, 1548935
The 1995 British two pound "Dove" coin

The Bank of England's chief economist Andrew Haldane recently called for central banks to ...

September 11, 2015, 11:33 pm, 1542917

A common argument against the Fed raising interest rates next week is the asymmetry in risks that it faces. If it keeps rates low too long and sets off inflation, ...