Economics Roundtable

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

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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.

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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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My Economic Window (Roger Farmer)

"A space for quotes, graphs, thoughts and blogs”


September 18, 2016, 11:33 pm, 1675067
Simon Wren-Lewis has a nice post discussing Paul Romer’s critique of macro.

In Simon's words:

"It is hard to get academic macroeconomists ...


September 18, 2016, 11:33 pm, 1675068
The financial markets are in turmoil. We are dangerously close to the next financial crisis.  The FTSE in the UK is down by 13% from its April peak. The Dow in the United States is off by 10%


September 18, 2016, 11:33 pm, 1675069





September 18, 2016, 11:33 pm, 1675070
Narayana Kocherlakota makes the case for more public debt. Paul Krugman and Steve Williamson agree. (I have to keep rereading that sentence before I believe it). What is this argument all about and how does it relate to the soul of ...


September 18, 2016, 11:33 pm, 1675066
John Cochrane makes the case in the WSJ that everything is back to normal. Hunky Dory, rosy tinted, don’t panic, keep-calm-and-carry-on normal. He points out that inflation ...


September 18, 2016, 11:33 pm, 1675065
A couple of weeks ago, I had the pleasure of attending a very interesting conference at the Federal Reserve Bank of Saint Louis. The topic


September 18, 2016, 11:33 pm, 1675062
I have been teaching basic Keynesian economics this week to my undergraduate class and I have just completed a new book manuscript with the working title of Prosperity for All, that will be coming soon to a book


September 18, 2016, 11:33 pm, 1675063


There is much current angst on ...


September 18, 2016, 11:33 pm, 1675064
I'm glad to see that Olivier Blanchard and Yanis Varoufakis have come out in favor of my plan for People's QE.

The following passage is from How the Economy Works, (HTEW) page 151.


September 18, 2016, 11:33 pm, 1675061
Since 2009, Scott Sumner has been a big proponent of nominal GDP targeting. He sees nominal wages as slow to adjust and he has sketched a simple model, the musical chairs model, to explain why his policy should be adopted.