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?.

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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?


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EconModel

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.”


September 28, 2017, 3:24 am, 1780292
Micro/macro - the great debate - fantastic microeconomic opportunities to look at why the removal of a sugar quota is likely to reduce prices and increase economic welfare - with a welfare loss triangle to boot - and the macroeconomic implications of free trade and the exploitation of comparative advantage.


September 28, 2017, 3:24 am, 1780293
This is an important interview with Andy Haldane, the Bank of England's Chief Economist.


September 28, 2017, 2:05 am, 1780278
Thanks to the BBC, who have used data from the ONS, HMRC and the Food and Drink Federation to produce six charts summarising the UK's imports and exports. They analyse the figures behind the fact that about 28% of the goods and services we produce are sold abroad, while 30% ...


September 27, 2017, 7:14 pm, 1780235
With China and India announcing that they are phasing out cars that use fossil fuels, what impact might this have on global demand for and the price of oil.


September 27, 2017, 7:14 pm, 1780234
An interesting microeconomic story with the Competition and Markets Authority (CMA) highlighting the need to use more than one price comparison website when shopping around for deals. 


September 27, 2017, 2:05 pm, 1780048
Anton Howes introduces us to his new course at KCL and, in doing so, provides a lovely justification for all economics undergraduates to study some economic history as part of a broader curriculum. Anton is Lecturer in Economic History at King’s College London. ...


September 27, 2017, 7:24 am, 1779880
Here is a scattering of memorable quotes on trade and protectionism from Paul Krugman - and Christine Lagarde interviewed at a World Trade Organisation panel event.


September 26, 2017, 5:04 pm, 1779725
What are index numbers? Index numbers are a useful way of expressing economic data time series and comparing / contrasting information. An index number is a figure reflecting price or quantity compared with a base value. The base value always has an index number of 100. The index number is then ...


September 26, 2017, 4:35 pm, 1779713
The 2018 edition of the World Development Report is packed full of economic analysis, data and policy content. It is a great resource for teachers.


September 26, 2017, 4:19 pm, 1779710
A lovely Office Hours explanation of game theory courtesy of the excellent Marginal Revolution University. It's an elegant example of a Nash equilibrium.