The Econ Review

Economics News with a Historical Perspective

May 9, 2008

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.

About The Econ Review

Address comments to editor@econreview.com.


Opinions

The Stern Report

The Stern Report

Commentary on the Stern Report on global warming can be found at the Economics Roundtable.

The Bookshelf

A note to economics students (and their parents)

In the News

Economics Roundtable

The latest new and views.

Payroll Employment

The job loss of 20,000 is negative, but not as bad as expected.   Recent History   Long-Term Chart.

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.

Inflation &
Unemployment

The Phillips Curve (inflation and unemployment) is our most popular search term.

Euro Roller Coaster

The wild ride continues.

Yield Curves

Yield Curves also draws a large number of page views.   New:  new format for yield curve charts.

Other data pages include Unemployment Rate, Federal Budget Deficit, Real Interest Rates and Inflation, and Fed Funds Rate.

Features

Stock Market Forecast 2006

Stock Market Forecast 2006

Between November 1987 and January 1995, the Dow Jones Industrial Average increased at an annual rate of 10.9%.  After the recent decline, the DJIA grew at an annual rate of 10.1% between January 1995 and May 2003.  Is 10.9% a reasonable estimate of long run growth absent speculative bubbles?

more

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.

more

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.

more

Models

The Mundell-Fleming Model

The IS/LM Model

The IS/LM Model changes the focus from factors of production (i.e. the Classical Model) to demand for output.  The equilibrating factor becomes the interest rate instead of the real wage rate.  Most importantly, the model demonstrates that the economy can be in a stable equilibrium at less than full employment.

more

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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