Forecasting the Impact of the CARES Act
[Slides]Forecasting the Impact of the CARES Act – Leon Zhang & Katherine Clement, REMI
[Recording]Forecasting the Impact of the CARES Act – Leon Zhang & Katherine Clement, REMI
The CARES Act has major implications about how state and local governments can recover from the recession caused by the COVID-19 pandemic.
REMI Economist Leon Zhang will be hosting the REMI webinar, “Forecasting the Impact of the CARES Act,” that is currently scheduled for Thursday, July 2nd from 2:00 to 3:00 p.m. (ET). Mr. Zhang is prepared to explore how the influx of federal dollars can help legislators address problem areas while planning for an uncertain future.
Due to the variance within different regions’ tax structures and economies, it is important that government officials understand the tradeoffs between the wide array of their available options.
During this presentation, Mr. Zhang will be describing the CARES Act and providing methods for state and local governments to implement when dividing this federal funding.
Simulations that evaluate the effectiveness of various funding allocations will also be included in this webinar on July 2nd.
REMI Model Training Series
REMI’s suite of models have been implemented across the United States as governments and organizations analyze the latest policy developments related to transportation, regional demographics, energy, and finance.
REMI economists Jungjun Park, Ph.D. and Leon Zhang will be offering a four-part webinar training series that will feature a different REMI model in each session to provide a comprehensive understanding of how to quantify the impacts of various policy changes to multiple sectors. This webinar series is designed to take both long-time users and anyone interested in economic modeling through the most effective ways of simulating shifts in legislation and telling an economic story with the results.
You are invited to register for any of the following sessions, though we encourage you to join us for all four:
Session 1: Understanding “What If?” Policy Questions with PI+
The first session of this training series explores the features within our flagship PI+ model that allow users to understand the total effect of policy on a region’s economy. We will also review the comprehensive list of policy variables available in the software that help interpret the prospective economic and demographic effects of legislative changes, as well as illustrate the model’s ability to forecast the future during times of uncertainty.
Session 2: Transportation Analysis using TranSight
The REMI TranSight model has been implemented in numerous studies to assess the total economic effects of transportation system changes. Our second training series session will explain how the model combines economics and travel demand modeling in order to display how transportation improvements make economies competitive.
Session 3: Estimating Economic & Fiscal Impacts in Tax-PI
Our third session demonstrates how to forecast the economic effects of tax policy changes in Tax-PI as we identify the most beneficial methods for calculating the fiscal effects of alternative tax scenarios. This webinar describes the value and importance of state officials thoroughly examining the short- and long-term impacts of any taxation decisions so that they can best serve their region.
Session 4: Energy, Environment, Economics, & E3+
The total economic impact of altering electric rates, investing in energy production, and incorporating new power sources can all be evaluated using the new REMI E3+ model. Participants in our fourth session will be shown how our energy model can be used to create rules that both improve the overall environment and maintain a healthy economy.