Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.

Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.

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.

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.

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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.”

October 22, 2018, 7:45 am, 1909881
In many developing countries, a sizeable number of producers especially in farming and energy received subsidies or some other form of government financial support such as a guaranteed minimum price.

October 22, 2018, 7:45 am, 1909882
Closing the infrastructure gap is now crucial in nearly all countries but especially developing/emerging countries who want to make progress towards meeting the SDGs, bring down extreme poverty, improve their export capacity and address numerous environmental challenge. Infrastructure is critical for economic and social development the world over.

October 22, 2018, 7:15 am, 1909875
One of the realities of the global trading system is that average import tariffs are higher when imposed by developing countries than those implemented by advanced, high-income nations. To what extent are protectionist policies such as tariffs, import quotas, domestic subsidies and other trade barriers effective in supporting growth and ...

October 22, 2018, 7:15 am, 1909876
Shocks are unexpected changes in the economy that can affect variables such as the rate of inflation and the growth rate of GDP. In an inter-connected global economy, events in one part of the world can quickly affect many other countries. For example, the global financial crisis (GFC) brought about ...

October 22, 2018, 7:15 am, 1909874
A managed-floating currency when the central bank may choose to intervene in the foreign exchange markets to affect the value of a currency to meet specific macroeconomic objectives.

October 21, 2018, 1:45 pm, 1909756
The Economist speculates that whilst we're ten years away from the last recession, we shouldn't be complacent and we might be on the brink of another recession, perhaps triggered by emerging markets or Italy. ...

October 19, 2018, 3:45 am, 1909185
Here's this week's Economics Quiz. Good luck!

October 18, 2018, 12:36 pm, 1908885
Gordon Brown’s time as Chancellor will be remembered for many things. A sense of humour would be conspicuously absent from this list. But he provoked a great deal of mirth unintentionally in a speech shortly before the 1997 General Election on the theme of “post-neoclassical endogenous growth theory”.

October 16, 2018, 3:25 am, 1907964
It's been a long time since fracking's been in the news, so a new generation of post-16 economists might only have a brief acquaintance with it. This articleoutlines what fracking is, the potential supply-side benefits and, of course, the fears of the negative externalities that it might generate.We;ve also added ...

October 16, 2018, 3:05 am, 1907961
This story reveals the power of technology: new restrictions on sulphur dioxide emissions have forced global shipping to look for solutions to make their fuel less polluting. The solution? A biofuel made out of chip fat. I kid you not. Although quite what chips cooked in shipping fuel are going ...