The Econ Review

Economics News with a Historical Perspective

October 31, 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.


Bretton Woods Convention 1944

Bretton Woods Convention Reorganizes World Economy

July 22, 1944.  Meeting in the resort town of Bretton Woods, New Hampshire, representatives of forty-one nations established conditions for international economic linkages.  The conference created two new institutions, the International Monetary Fund and the World Bank. The centerpiece, however, was agreement on a system of fixed exchange rates specifically designed to avoid repeating the mistakes of the interwar period.


UK Leaves EMS 1992

U.S. Unemployment Rate Hits 25%

August 1932.  The U.S. unemployment rate hit 25% in August of 1932.  This startling increase came less than three years after the rate reached 0.04% in August 1929.


Bank Failures Causes Depression

Bank Failures Cause the Great Depression

The monetarists' explanation for the Great Depression focuses on changes in the money supply.  In this case, the changes were not the result of a deliberate policy experiment, but were instead the outcome of a lack of Federal intervention in the banking sector at a time when conditions for banks were quite perilous.



Classic Economic Models

The Classic Economic Models

The Classical Economic Models collection for the EconModel program includes sixteen of the most important models in microeconomics and macroeconomics.  A web browser user interface makes it possible for beginning users to actively work with the models, drawing and shifting curves in an on-screen version of a chalkboard session.


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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