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

Grumpy Economist (John Cochrane)


November 19, 2018, 12:43 pm, 1922326
A post on Marginal Revolution is so good, I have to quote in its entirety before commenting.

From my time in both the military and healthcare I can say that the biggest problem are the compliance costs.

For example, I have a phone app that allows ...


November 9, 2018, 2:43 pm, 1918900
Source: Seattle Times"The carbon tax is dead; long live the carbon tax" is the headline of Tyler Cowen's ...


November 8, 2018, 11:31 am, 1918151
My visit to Europe resulted in many interesting conversations. There was a stark contrast between the complex regulatory vision of formal presentations and papers, and the lunch and coffee discussion reflecting experience of people involved in actually regulating banks. They seemed to be quite frustrated by the state of things. ...


November 6, 2018, 1:12 pm, 1916885
I'm at a conference on "Financial cycles and regulation" at the Deutsche Bundesbank. Beyond the individual papers, I find the conversation interesting.

Groups of researchers develop a common language and a common set of assumptions. This is productive -- to push a research frontier we have to agree ...


November 5, 2018, 10:14 am, 1916208
In preparing some talks on the financial crisis, 10 years later, I ran across a very nice article,The Big Con -- Reassessing the "Great" Recession and its "Fix"by Larry Kotlikoff.

Larry is also the author ofJimmy Stewart is Dead – Ending the World's Ongoing Financial Plague with ...


November 1, 2018, 2:42 pm, 1914889
I found a beautiful, clear, detailed, fact-based, and devastating explanation of how forced cross-subsidies, monopolized markets, and lack of competition conspire to strangle the American health care system.

No, this was not on some goofy libertarian website. It was in the official Voter Information Guide, for the ultra-progressive ...


September 19, 2018, 6:40 pm, 1900964
The discussion over health policy rages over who will pay -- private insurance, companies, "single payer," Obamacare, VA, Medicare, Medicaid, and so on -- as if once that's decided everything is all right -- as if once we figure out who is paying the check, the provision of health care ...


September 10, 2018, 11:09 am, 1898046
Argentina should dollarize, says Mary Anastasia O'Grady in the Wall Street Journal-- not a peg, not a currency board, not an IMF plan, just give up and use dollars.

Another currency crisis is roiling Argentina... The peso has lost half its value against the U.S. dollar since January. ...


September 5, 2018, 1:29 pm, 1896698
A narrow bank would be a great thing. A narrow bank takes deposits, and invests 100% of the money in interest-paying reserves at the Fed. (The Fed, in turn, mostly invests in US treasuries and agency securities.)

A narrow bank cannot fail*. It cannot lose money on its assets. ...


September 5, 2018, 1:29 pm, 1896697
A narrow bank would be a great thing. A narrow bank takes deposits, and invests 100% of the money in interest-paying reserves at the Fed. (The Fed, in turn, mostly invests in US treasuries and agency securities.)

A narrow bank cannot fail*. It cannot lose money on its assets. ...