Economics Roundtable

Technical Problems 1/21/15

The website was down for a day and a half, 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.


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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.”


January 30, 2015, 7:23 am, 1413103
We all know that the UK government has run up a colossal national debt - £1475bn as I type this sentence. And it’s rising fast, since the UK government also has a fiscal deficit to finance this year, which will add even more to the total stock of debt.Yet ...


January 29, 2015, 3:23 pm, 1412594
A lot has been made of the recent set of growth figures recently published of the UK economy. Despite the seemingly positive 0.5% quarterly growth and 2.6% annual growth, the overall impression is of disappointment and despondence. I am part of this crowd, a believer that the UK economy is ...


January 29, 2015, 11:23 am, 1412425
What does this mean? Stated simply, it means that ratings agencies – who try to judge how reliable a debtor is – have issued a warning about the Russian government. If traders in the bond market doubt Russia’s ability to pay back debts, it will make it much ...


January 28, 2015, 9:23 pm, 1411967
FT Video has a short animation by Martin Wolf explaining why Global Trade Imbalances matter. This could be useful for A2 students, but needs to be used with caution - they will need to be quite clear first on the difference between a trade surplus or deficit and a government ...


January 28, 2015, 7:23 pm, 1411897
This website, and the many links to videos and articles included within it, looks like a treasure trove of resources for teaching inequality.


January 28, 2015, 7:23 pm, 1411895
"Smoking during pregnancy remains a major health problem, resulting in the deaths of an estimated 5,000 foetuses and babies each year in the UK. It is responsible for tens of millions of pounds in extra healthcare spending."This extract from a report published today in the British Medical Journal offers clear ...


January 28, 2015, 7:23 pm, 1411896
Read on to find out about my article in UKED Magazine on 'Real World Economics'.


January 26, 2015, 7:23 pm, 1410318
Free market economists are major critics of government intervention in markets. Only if it is fundamentally necessary should governments step in ( if there aresubstantial third party costs and if the free market is failing to allocate public goods are good examples) and even then, the use of effluent charges ...


January 26, 2015, 5:23 pm, 1410263
Here is a great idea!CluedUp is a new solution for students really keen to improve their contextual knowledge in ASeconomicsTo subscribe to the daily email click here http://eepurl.com/bccNXrCheck out the blog: www.cluedup2015.wordpress.comI'll be following Clued Up carefully in the coming weeks.


January 25, 2015, 9:23 am, 1409525
Many thanks to the team at The Harrodian School, London for alerting us to this excellent economics teaching opportunity. All the details below.