Economics Roundtable

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.


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.


The Economics Roundtable is sponsored by EconModel.

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

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Economics in the News

"Geoff Riley (Head of Economics at Eton College) provides a regular commentary on economics issues and trends - essential daily reading for all economics students and teachers.”

December 17, 2014, 3:23 pm, 1390958
Just a quick heads-up about this Twitter chat.

December 17, 2014, 3:23 pm, 1390959
An excellent video made for the Economics classroom applying the theory of market structures to the world of transport in Singapore. This is superb as it goes through each transport mode analysing the market structure befitting before digging into the conduct within that market. Terminology used will be familiar to ...

December 17, 2014, 7:23 am, 1390637
An opportunity to teach Business and Economics at a thriving department here - with our good friends at Charters School in Sunningdale, Berkshire.

December 16, 2014, 7:23 pm, 1390321
With the climate change agreement in Lima national responsibilities are now linked more flexibly to the rate of change of economic growth, placing more responsibility on fasting growing developing nations to do their bit. The US and China have, much like they did at talks for the Kyoto Protocol, limited ...

December 16, 2014, 5:23 am, 1389837
Here's one of those stories that help illustrate the point about de-merit goods really well. TheChildren's Food Campaign are calling for a specific tax on sugary drinks to help combat obesity in children. Key points:Sugary drinks is the example of a de-merit goodTax is the proposed strategy for reducing consumptionCosts ...

December 15, 2014, 7:23 pm, 1389598
If you are stuck for an idea for the last lesson of term, here are two possibilities.Ian Stewart's Deloitte Monday Briefing this week has a Christmas quiz, with a range of questions which covers, as they put it "a wide-ranging test of knowledge, from the most popular activities during conference ...

December 15, 2014, 11:23 am, 1389307
According to the Guardian, "rarely has a trade agreement invited such hype and paranoia". The Transatlantic Trade and Investment Partnership (TTIP) – or proposed free trade pact between the US and the European Union – has triggered apocalyptic prophecies: the death of French culture; an invasion of toxic chlorine chickens ...

December 11, 2014, 5:23 am, 1387241
Jean Tirole giving his Nobel Prize winning lecture on Market Failure and Public Policy

December 11, 2014, 5:23 am, 1387240
AQA ECON4 requires students to have an appreciation of the importance of theUK banking system and the City of London to the UK economy. This clip from the Bank of England helps emphasise this. ...

December 10, 2014, 1:23 pm, 1386806
Many of you will know thatGame Theory is an established branch of economic thought. It can be used to model a wide variety of situations, leading to predictions of the behaviour of economic agents. This blog is for people who are new to that idea.I am an enthusiastic player of ...