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.

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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?


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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About Economics (Mike Moffatt)


September 12, 2017, 1:13 pm, 1771175
Economists and policy analysts are often very careful to point out that correlation does not imply causation- for example, while it may be true that increased incidence of drowning correlates with increased ice cream consumption, it is not the case that eating ice cream causes a person to drown (or ...


September 12, 2017, 1:13 pm, 1771176
Nobel-prize winning economist Gary Becker passed away yesterday in Chicago. You can read an official obituary here...or a much more heartfelt and personal one from Steve Levitt here.

Economist Gary Becker, 1930-2014... originally appeared on About.com Economics on Monday, May 5th, 2014 at ...


September 12, 2017, 1:13 pm, 1771177
The April jobs report was released by the Bureau of Labor Statistics last Friday, and it shows that the economy added 288,000 jobs last month.

Finally, Some Good News from the April Jobs Report... originally appeared on About.com Economics on Monday, May 5th, 2014 at ...


September 12, 2017, 1:13 pm, 1771178

The John Bates Clark Medal, awarded by the American Economic Association to who they feel is the most promising economist under the age of 40, is often referred to as the "baby Nobel" due to its high correlation with future Nobel Prize awards. This year's medal goes ...


September 12, 2017, 1:13 pm, 1771174
It's often noted that media outlets, subtly or not, take a political position via the way that they choose what to cover and the way that they choose to write about what they cover. It's generally assumed that said media outlets are doing so in order to get their ...


September 12, 2017, 1:13 pm, 1771173
When economists discuss economic growth, they often bring up the rule of 70 as a useful shorthand for determining how long it takes a quantity to double. Technically, there are multiple versions of the rule- usually the rule of 69 and the rule of 72- that vary the ...


September 12, 2017, 1:13 pm, 1771170

September 12, 2017, 1:13 pm, 1771171

In general, economists are okay with regulation when it corrects a market failure, or, in other words, a situation where transactions or features that would be efficient to offer don't happen. Therefore, it's important to ponder when learning about new regulation is whether a market would have reached the ...


September 12, 2017, 1:13 pm, 1771172

Economists, even when sometimes trying too hard to play devil's advocate, aren't technically wrong when they state that the market for healthcare could function like the market for most other goods and services. (Steve Levitt uses cars as an example in the linked article.) The thing about ...


September 12, 2017, 1:13 pm, 1771169
In order to understand how the Federal Reserve controls the supply of money in an economy, it's necessary to understand how a fractional reserve banking system operates. Luckily, I'm happy to help!

Fun with Fractional Reserve Banking... originally appeared on About.com Economics on ...