The Econ Review

Economics News with a Historical Perspective

July 25, 2014

The Econ Review features a historical perspective on economics news and opinions with daily updates.  All original material is copyrighted.  Off-site references open in new windows.

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U.S. Payroll Employment

Commentary on the latest U.S. payroll employment figures can be found at the Economics Roundtable.


In the News

Payroll Employment

Recent History   Long-Term Chart

U.S. Budget Deficit
Bar Graph
CBO Budget Projections
Historical Data

Inflation & Unemployment
The Phillips Curve

John Cochrane uses very similar Phillips Curve charts to review recent history and current issues.

The Chart Room
Charts for GDP and payroll employment show the historical patterns in this relationship.  Custom select side-by-side charts for these variables and interest rates and yield curves.

Euro Roller Coaster
The wild ride continues.

Economics Roundtable
The latest news and views.


Euro 1999

Europe Adopts New Currency

January 1, 1999.  After a lengthy period of debate, 11 European nations (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain) adopted a common currency.  All these nations now have a single monetary policy, a single interest rate, etc.  Their collective future hinges on the value of the euro.


Long-Term Capital Management 1998

Long-Term Capital Management (LTCM)

1998.  LTCM, founded by former Salomon Brothers chief bond trader John Meriwether, included Nobel Prize-winning economists Myron Scholes and Robert Merton among its brain trust.  For a time LTCM achieved excellent returns for its investors, and at its peak managed $7.5 billion.


Canada Nearly Breaks Up 1995

Canada Nearly Breaks Up

October 30, 1995.  Quebec voters responded to a referendum asking the question "Do you agree that Quebec should become sovereign, after having made a formal offer to Canada for a new economic and political partnership...", with a 49.5% vote for "yes" and a 50.5% vote for "no."  The mechanism to dissolve the Canadian government and create two or more separate countries thus failed by half a percentage point.  From an economic perspective, we can measure the risk this event posed to the Canadian financial markets by looking the spread between Canadian and U.S. bond yields.



The Mundell-Fleming Model

The Mundell-Fleming Model adds a BP (balance of payments) curve to the standard IS/LM framework.  This extension provides a mechanism for thinking about monetary policy under either fixed or floating exchange rates.


Additional models of interest are available at Classic Economic Models.

Econ Clubs

Check the directory of economics clubs to see if your club is listed. Links are free.

copyright 2007