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?.

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.

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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 .


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.


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”


April 26, 2018, 9:08 am, 1845900

Here is the tweet thread.  Self-recommending.

The post Taleb on Taleb vs. Caplan on education appeared first on Marginal REVOLUTION.


April 26, 2018, 7:27 am, 1845867

Hurry while there is still time to apply to the 2018 Public Choice Outreach Conference, a crash course in public choice for students planning careers in academia, journalism, law, or public policy will held June 9-10 in Arlington VA. Graduate students and advanced undergraduates are eligible to apply. ...


April 26, 2018, 7:27 am, 1845866

Hurry while there is still time to apply to the 2018 Public Choice Outreach Conference, a crash course in public choice for students planning careers in academia, journalism, law, or public policy will held June 9-10 in Arlington VA. Graduate students and advanced undergraduates are eligible to apply. ...


April 26, 2018, 1:07 am, 1845778

Here is the transcript and audio, and this is the intro:

Marc Andreessen has described Balaji as the man who has more good ideas per minute than anyone else in the Bay Area. He is the CEO of 


April 25, 2018, 1:09 pm, 1845426

Ms. Shen is a “programmer motivator,” as they are known in China. Part psychologist, part cheerleader, the women are hired to chat up and calm stressed-out coders. The jobs are proliferating in a society that largely adheres to gender stereotypes and believes that male programmers are “zhai,” or nerds ...


April 25, 2018, 11:08 am, 1845366

We document the impact of Allende’s election and subsequent coup on share prices.

A rare natural experiment to identify impacts of institutions on economic outcomes.

The unexpected socialist victory in 1970 reduced share prices by one half.

The 1973 coup launching a business-friendly dictatorship raised share prices by 80%.

These effects reflect Allende’s ...


April 25, 2018, 1:08 am, 1845166

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

Paul Krugman recently made a splash in a New York Times column by suggesting there are no “serious, honest, conservative intellectuals with real influence,” referring to the “unicorns of the ...


April 25, 2018, 12:09 am, 1845155

Pope Francis has been praying for the British toddler Alfie Evans — and the Italian government has granted the child Italian citizenship and lined up a transportation plan that could swiftly bring the sick little boy to a Vatican hospital.

But Alfie’s doctors say he cannot be healed, and ...


April 24, 2018, 5:27 pm, 1845072

Leland Yeager has passed at the age of 93. Yeager was the last of that remarkable group of scholars–including Buchanan, Tullock, Coase, Nutter–that made Virginia political economy. Yeager was a polymath perhaps best illustrated by The Yeager Mystique an appreciation by William Breit, Kenneth G. Elzinga and ...


April 24, 2018, 5:27 pm, 1845071

Leland Yeager has passed at the age of 93. Yeager was the last of that remarkable group of scholars–including Buchanan, Tullock, Coase, Nutter–that made Virginia political economy. Yeager was a polymath perhaps best illustrated by The Yeager Mystique an appreciation by William Breit, Kenneth G. Elzinga and ...