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)

October 27, 2016, 9:33 am, 1687357
Dutch 10 guilder note. Holland and Lebanon are the only countries to have issued banknotes with bar codes.
One of the interesting things that ...

October 17, 2016, 1:33 am, 1684110

The shares of the Swiss National Bank (SNB), Switzerland's central bank, have almost doubled since July, despite there being no real news. Yep, you read that right, the SNB ...

October 12, 2016, 3:33 pm, 1683108

Satoshi Nakamoto kicked off his famous 2008 white paper with the line: "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments." ...

October 6, 2016, 5:33 pm, 1681579

Do citizens benefit by owning money that is pegged to the nation's own unit of account rather than a foreign unit of account?

Let's start by imagining ...

October 1, 2016, 1:33 am, 1680000

A while back I was paying for gas at a nearby gas station when the clerk fumbled my credit card. When he bent down to pick it up ...

September 23, 2016, 11:33 pm, 1678153

I recently stumbled on a new and innovative capital structure that, as far as I can tell, only exists in France.

Since 2011, French beauty giant L'Oréal has been rewarding long-term investors with a ...

September 18, 2016, 11:33 pm, 1675034

Say the San Francisco Fed decided to secede from the Federal Reserve System or the Bank of Greece started to print its own euro notes without the consent of the Eurosystem. What happens ...

September 18, 2016, 11:33 pm, 1675033
A Zimbabwean washes U.S. dollars, from NPR Planet Money
Here's a surprising development.

Zimbabwe, a dollarized nation, is on the verge ...

September 18, 2016, 11:33 pm, 1675032
Early map of Fedwire. Source: FRBNY
The pace of Fedcoin sightings has been accelerating this year. If you're new to this blog, Fedcoin is ...

September 18, 2016, 11:33 pm, 1675031

I last wrote about Fedwire data two years ago. Since then, Fedwire has entered into a (nominal) recession. Is this something we need to worry about?