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.

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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.

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Money and Banking

December 10, 2018, 7:25 am, 1928015

“Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy‑‑that is, neither speeding up nor slowing down growth.” Federal Reserve Board Chairman Jerome Powell, November 28, 2018.

“We’re a long way ...

December 3, 2018, 8:36 am, 1925940

“The turmoil that followed the failure of Lehman and the decision to rescue AIG … underscored the absence of a third alternative to the options of bailout or disruptive bankruptcy.” Daniel K. Tarullo, October 18, 2013.

Addressing the calamity posed by the failure of large, global financial intermediaries has ...