Economics Roundtable
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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.
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About Economics (Mike Moffatt)
Introduction to Gross Domestic Product - How does an economy measure aggregate output, income, and expenditure? The Expenditure Categories of Gross Domestic Product - How does an economy spend its income? The GDP Deflator - How ...
The issue of whether or not teachers (or, more specifically, good teachers) are underpaid is the subject of much debate in both education and politics. Economists are quick to point out that, in competitive labor markets, workers are paid their marginal product of labor- in other words, how much ...
Measuring Unemployment - How do economists measure unemployment? Does the unemployment calculation measure what really matters? Types of Unemployment - Why is all unemployment not created equal?
Enjoy!
New Articles This Week originally appeared ...
The Short Run versus The Long Run - How do economists distinguish between the short run and the long run in compeittive markets? The Costs of Production - How can business owners think about the different costs ...
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