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.


RSS Feed

Mahalanobis

"Personal Weblog of Michael Stastny”


April 30, 2018, 8:10 pm, 1849887
Financial Times: After decades of false dawns, advances in AI are at hand - led by a digital quiz show contestant - that offer business potentially significant benefits, writes Richard Waters.

Two core processes underlie the trick. One is natural language recognition – the ability to “understand” a sentence. ...


April 30, 2018, 8:10 pm, 1849888
Bloomberg: U.S. joblessness would be much higher if Americans dropping out of the workforce were taken into account, according to Albert Edwards, a global strategist at Societe Generale.

“The impression that unemployment has fallen” results primarily from ...


April 30, 2018, 8:10 pm, 1849889
Bloomberg: European banks struggling to raise money amid the region's sovereign crisis are turning to covered bonds, driving sales and pushing relative yields for the top-rated debt above unsecure company notes for the first time.

Investors demand 171 basis points of extra yield to hold covered bonds instead of ...


April 30, 2018, 8:10 pm, 1849890
Boston College: Red Bull’s red and gold logo can “give you wings” – for better or worse – even if consumers don’t know it, according to a new study by two BC professors, who found the brand’s edgy marketing efforts have sold a heavy dose of attitude to consumers.


April 30, 2018, 8:10 pm, 1849886
Financial News: Investment consultants are pushing for a seismic shift from active asset management to passive in a move that could result in savings of more than $50bn a year for pension schemes and other institutional investors and a switch of trillions of dollars in assets.

The advice is ...


April 30, 2018, 8:10 pm, 1849885

Theory has, at length, become so "scientific" and abstract as to intrigue the mathematicians who have taken delight in developing the concept of a kaleidoscopic and frictionless play of atomistic units in a complex and eternally unfolding equilibrium. The notion of equilibrium suggested equations; equations are prolific parents of their ...


April 30, 2018, 8:10 pm, 1849882
Oliver Wyman:

As the population ages, the demand for financial products will change. Broadly speaking, older consumers are wealthier than younger ones. They have greater balances in savings and investment accounts and are much more likely to live in an un-mortgaged home. As they reach retirement, their demand for “accumulation” ...


April 30, 2018, 8:10 pm, 1849883
CDS Curve (white line) vs. Z-Spread (+)

Read: Citi sees free lunch in Greek basis (almost), FT Alphaville


April 30, 2018, 8:10 pm, 1849884
Deutsche Bank Research: Existing evidence related to the impact of HFT on certain market quality and efficiency indicators is inconclusive. Some studies (e.g. Hendershott and Riordan, 2009; Jovanovic and Menkveld, 2010) suggest that HFT using market making and arbitrage strategies has added liquidity to the market, reduced spreads ...


April 30, 2018, 8:10 pm, 1849881