Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, 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.


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.”

March 3, 2015, 5:23 am, 1432334
Climate change is back in the news, and continues to stir up heat, but not much light. It’s proving fantastically difficult to come up with consistent and efficient policies to reduce CO2 emissions.

March 1, 2015, 5:23 pm, 1431346
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February 22, 2015, 9:23 am, 1426865
Five years ago, all the talk was of Tesco’s advances, both in the UK andUS. There was plenty of opposition to Tesco, and when the former boss Terry Leahy stepped down there was morescope for reflection on the impact of the retailing giant.The last few years have been much ...

February 22, 2015, 9:23 am, 1426864
There is a very useful blog written by Douglas Fraser of BBC Scotland on the key economic issues pertinent to the next election

February 18, 2015, 5:23 pm, 1424752
Centre for Cities is an independent organisation that conducts research on change in city life and economy. It has a great website that will be of real use to economics teachers.The regional economy database produced by Centre for Cities is a helpful resource whendelivering macro topics such as regional GDP,changingindustrial ...

February 18, 2015, 11:23 am, 1424509
Mark Carney says that a period of low inflation – even deflation – propelled by falling oil prices would be “unambiguously good” for the economy. How do we reconcile this with the textbook position that the economy needs a little bit of inflation, and that deflation is to be avoided? ...

February 12, 2015, 3:23 pm, 1421456
I’m sure you know at least a bit about the airport debate. It’s often reported that Britain needs more airport capacity in the South East of England. I’m not going to enter into that fascinating debate here. Instead, I seek to draw attention to the language I have seen used ...

February 9, 2015, 7:23 pm, 1419277
Vox have published a splendid e-book "Europe: No Country for Young People" looking at the diverse experiences of youth unemployment in Europe in the recent past. It highlights the diverse experiences of the past few years and separates Europe's economies into different categories depending upon their performance in tackling the ...

February 5, 2015, 5:23 pm, 1417163
Does it make sense for a business to pay its staff as little as possible, in order to cut costs and be more competitive, or to raise wages in order to stimulate greater motivation, and gain employee loyalty, thus cutting costs on recruitment and training? In part one of The ...

February 5, 2015, 5:23 am, 1416709
There's a great graphic in the Economist to illustrate the currency pegs in operation around the world. According to the article,pegging a nation’s currency to that of a trading partner has some advantages. It allows businesses to plan; exporters and importers can agree on prices without worrying about sudden foreign-exchange ...