State of the Commonwealth – Robert McNab, Ph.D. & James Koch, Ph.D., Old Dominion University

[SLIDES] State of the Commonwealth – Robert McNab, Ph.D. & James Koch, Ph.D., Old Dominion University

[RECORDING] State of the Commonwealth – Robert McNab, Ph.D. & James Koch, Ph.D., Old Dominion University

Peter Evangelakis, Ph.D. hosted “State of the Commonwealth,” our special REMI guest webinar featuring Robert McNab, Ph.D., Director, and James Koch, Ph.D., Founding Director, from the Dragas Center for Economic Analysis and Policy in the Strome College of Business at Old Dominion University.

This presentation reviewed the 2021 State of the Commonwealth Report completed by Old Dominion University before highlighting a collection of topics from their report on the Commonwealth of Virginia. You can access the entire study by clicking here.

Dr. McNab and Dr. Koch provided updates on the status of Virginia’s economy, including the ongoing COVID-19 recovery, inflation, tourism, and high education continue to impact the commonwealth.

Inflation, Disparities, and Regional Economies

[Slides] Inflation, Disparities, and Regional Economies – Frederick Treyz, Ph.D. & May Lin, REMI

[Recording] Inflation, Disparities, and Regional Economies – Frederick Treyz, Ph.D. & May Lin, REMI

According to the Bureau of Labor Statistics, the consumer price index has increased by 6.8% in November over the previous year.

Rapidly increasing prices are causing federal decision-makers to rethink monetary and fiscal policy, potentially creating headwinds in the economic recovery.

On Wednesday, December 22, 2021, from 2:00 p.m. to 3:00 p.m. (ET), we will be hosting “Inflation, Disparities, and Regional Economies,” our special webinar presentation that focuses on regional economic dynamics and how inflation may exacerbate economic disparities across income and other demographic groups.

Investing in Broadband Infrastructure

[Slides] Investing in Broadband Infrastructure – Guyesha Blackshear, REMI

Access to affordable and reliable broadband is an essential element of 21st-century infrastructure and promotes economic competitiveness.

On Thursday, December 9, 2021, from 2:00 p.m. to 3:00 p.m. (ET), we will be hosting “Investing in Broadband Infrastructure,” our special webinar presentation that examines the demographic, economic, and fiscal effects of investing in broadband.

The Infrastructure Investment and Jobs Act, signed into law in November 2021 by President Biden, provides $65 billion in new funding for expanding broadband infrastructure and promoting adoption in America. We will demonstrate the economic impact of federally-backed broadband expansion during this presentation using our premiere add-on module, REMI Socioeconomic Indicators (SEI).

REMI SEI clarifies the changes technology improvements play in orchestrating greater mobility, economic development, and improved quality of life for various communities. This dynamic module provides granular insights to explore the forecasted differences for output variables, such as jobs and labor force participation by race/gender, educational attainment, inflation impacts, and income quintiles.

Economic Impacts of the Bipartisan Infrastructure Bill

[Slides] Economic Impacts of the Bipartisan Infrastructure Bill – Peter Evagelakis, Ph.D. and Haozheyi Guan, REMI

[Slides] Economic Impacts of the Bipartisan Infrastructure Bill – Peter Evagelakis, Ph.D. and Haozheyi Guan, REMI

On Monday, November 15, 2021, President Biden signed the $1.2 trillion Bipartisan Infrastructure Bill into law, which will fund national surface and waterway transit, broadband expansion, power grid resilience, and other infrastructure projects.

To explore the effects of this legislation, we will be hosting “Economic Impacts of the Bipartisan Infrastructure Bill,” our upcoming webinar presentation on Thursday, December 16, 2021, from 2:00 – 3:00 p.m. (ET).

This discussion will consider the critical economic effects of the infrastructure investments outlined in this framework using the REMI economic model, focusing on how state and local governments can evaluate the potential impacts of federal infrastructure funding on their regions.

Forecasts and Policy Analysis – Don Grimes, University of Michigan

[SLIDES] Forecasts and Policy Analysis – Don Grimes, University of Michigan

[RECORDING] Forecasts and Policy Analysis – Don Grimes, University of Michigan

Decision-makers rely on the relevant and reliable insights that forecasting produces to make informed policy decisions.

On Tuesday, February 15, 2022, REMI hosted a webinar,” Forecasts and Policy Analysis, with special guest Don Grimes, Regional Economic Specialist for the University of Michigan’s Research Seminar in Quantitative Economics (RSQE).

This discussion explored the complete forecast and analysis of GDP and its major components, unemployment, prices, interest rates, foreign trade, and more produced by RSQE.