The Econ Review

Economics News with a Historical Perspective

February 26, 2017

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. Budget Deficit

Discussion of the latest CBO budget projections 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.


2001 Stock Market Meltdown

Stock Market Bubble Bursts

The Dow Jones Industrial Average, which did not reach 4,000 until 1995, broke through 10,000 in April 1999.  The 150% increase over four years represented an annual rate of increase greater than 25%.  The fundamentals driving the market, unfortunately, did not support this increase, and a major decline in stock prices ensued.


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.



Macro Models

Macro Models

The macroeconomic models in the Classic Economic Models collection trace the historical evolution from the Classical Model of Production and Employment through the Keynesian and Mundell-Fleming Models and including some items from the new classical and new Keynesian schools of thought.


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.

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