Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

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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EconModel

The Economics Roundtable is sponsored by EconModel.

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


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Marginal Revolution

"Small steps toward a much better world”


February 24, 2018, 2:08 am, 1824994

The impersonator priced the book at $555 and it was posted to multiple Amazon sites in different countries. The book — which as been removed from most Amazon country pages as of a few days ago — is titled “Lower Days Ahead,” and was published on Oct 7, 2017.

Reames ...


February 24, 2018, 12:38 am, 1824990

SB 827, a new bill before the California Senate, would require that all areas within a mile of a high-frequency transit stop, or within a half-mile of a bus or transit corridor, allow heights of at least 45 or 85 feet (depending on distance from transit, width ...


February 23, 2018, 12:38 pm, 1824700

February 23, 2018, 10:38 am, 1824600

That is the topic of my latest Bloomberg column, here is one excerpt:

The relative lack of attention being paid to the news that U.S.-backed forces killed 200 to 300 Russian mercenary soldiers this month in Syria seems like a non-barking dog to me.

In many years, this ...


February 23, 2018, 2:38 am, 1824418

Non-subscribers visiting WSJ.com now get a score, based on dozens of signals, that indicates how likely they’ll be to subscribe. The paywall tightens or loosens accordingly: “The content you see is the output of the paywall, rather than an input.”

Here is the full Nieman Lab article, ...


February 23, 2018, 1:07 am, 1824404

Bryan Caplan writes:

While promoting my new book, I’ve repeatedly argued that foreign language requirements in U.S. schools are absurd and should be abolished.  For two distinct reasons.

Reason #1: Americans almost never use their knowledge of foreign languages (unless they speak it in the home).

Reason #2: ...


February 22, 2018, 12:38 pm, 1823998

Concord University in West Virginia and Clemson University in South Carolina were both founded shortly after the Civil War. During the 20th century, each grew rapidly. Now, the two public universities that sit just 300 miles apart face very different circumstances.

Clemson, a large research university, enrolled its largest-ever freshman class ...


February 22, 2018, 8:08 am, 1823836

The subtitle is The End of Empire and the Birth of Neoliberalism.  Imagine a novel and interesting coverage of the post-war Austrian School, here relabeled the “Geneva School,” a well-done partial history of the WTO and EU, and a book where the central characters are not ...


February 22, 2018, 2:37 am, 1823747

February 22, 2018, 12:38 am, 1823731

1. Jörn Leonhard, Pandora’s Box: A History of the First World War.  This is probably the meatiest and most comprehensive WWI book yet published.  It covers the origins of the war, preparation for fighting, public reactions, war aims, the course of battle, war economies, internal politics, ...