Economics Roundtable
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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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ArgMax (John Irons)
"Economics News, Data, and Analysis”
Things have been crazy at the day job with the economy melting down and the election. Any hopes for a post election letdown are slipping away. Here's my public event schedule for the next few weeks...
Nov 13th - Kerner Commission/Eisenhower foundation event at EPI, talking about revenue options ...
It's been a busy couple of weeks. Below is some of what I've done...
Testimony: Transportation and Infrastructure Committee "A rescue plan for main street" EPI Policy Memorandum #132 National Journal Experts Blog Google's "Knol debates" vs CATO C-Span Washington Journal NPR Marketplace The Hill, Support for 2nd stimulus ...Obama gets endorsements from two socialist publications: The Economist and Financial Times
An endorsement of Barack Obama | It's time | The Economist
FT.com / Comment & analysis / Editorial comment - Obama is the better choice
Now on to the hard work of fixing the economy...
Irons/Bivens - May 1, 2008:
While it will be many months before an "official" recession is declared, evidence shows that the economic expansion that began in 2001 has almost surely ended.1 Furthermore, if these trends continue, the start of a new recession will likely be dated either at the end ...
The GAO is out with its first report on the Treasury's TARP/CPP program. Implementing the transparency and accountability requirements should be a high priority for the new administration.
(Also, be sure to check out the nifty TED spread chart on page 50, and the bond-treasury spread on 51. And, if you ...
We're hiring a labor economist at EPI... see link for details on how to apply...
Employment opportunities at EPI
Living Standards/Labor Economist
The Economic Policy Institute is looking for an experienced economist for our flagship Living Standards program. In that position, the successful candidate would work with the Living Standards team to ...
Just posted at EPI...
A package that provides funding for infrastructure, aid to states, and other provisions would begin to reverse our economic course by creating jobs while meeting national priorities. The package should also include a down-payment on longer-term reforms, as well. This memo ...
Romer/Bernstein estimate job impact to be between 3 and 4 million... see The Job Impact of the American Recovery and Reinvestment Plan.
Best idea I've heard in a while...
ยป Create Your Own "Extended Warranty Fund"
Create an "extended warranty fund" Instead of buying warranty after warranty, why not create an "extended warranty fund." In other words, whenever a retailer offers you an extended warranty, simply transfer that amount of money into ...