Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.


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.


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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David Smith’s EconomicsUK.com

"The personal website of David Smith, Economics Editor of the Sunday Times, London.”


May 24, 2015, 4:04 am, 1479694
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Britain’s drop into deflation has produced a mix of curiosity, celebration and, in some quarters, alarm. The fact that the consumer prices index (CPI) last month...


May 18, 2015, 10:04 am, 1476277
My piece on Friday, The Myth of Abandoned Austerity, has attracted quite a lot of interest. It had a simple aim - to demonstrate that fiscal consolidation, deficit reduction, continued throughout the parliament, alongside recovery. Simon Wren-Lewis, a professor of...


May 17, 2015, 4:04 am, 1475858
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The dust has settled, though the politicians – on the winning side at least – have not yet paused for breath. George Osborne, when he has...


May 14, 2015, 12:04 pm, 1474515
One of the most enduring claims about the British economy in recent years is that the then coalition government abandoned austerity in 2012. It is a claim that gives comfort to those who see everything that has happened to the...


May 9, 2015, 8:04 pm, 1471154
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. This time last week, when you could still get very good odds on a Tory majority, I missed out on yet another good investment opportunity. In...


May 3, 2015, 6:04 am, 1466518
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. The election is upon us, the party leaders’ voices are getting hoarser, and I don’t suppose many people would mind if they never heard a “cast-iron...


April 26, 2015, 8:04 am, 1462005
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. It was a big week for the public finances, both where we have been and where we might be going. We can now make a judgment...


April 19, 2015, 6:04 am, 1457861
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. I would not want anybody to think a theme is developing here but, having warned last week that we should take economists’ views on austerity with...


April 12, 2015, 6:04 am, 1453982
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Should you listen to economists during this election campaign? I say that in the full knowledge that it may encourage some to stop reading now, and...


April 5, 2015, 4:04 am, 1450710
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. A landmark has been passed, and sooner than expected. Living standards, measured in the conventional way, are higher than they were than the coalition took office,...