Economic Policy

Exploration of the intersection of policy and economic trends, public finance, and economic development

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Illinois Economic Review - February 2017

Authors

  • Yizhou Zhang
  • Whayoung Jung

The Monthly Illinois Economic Review contains information on national, statewide, and local economic performance by measuring job growth, unemployment, and business activity. Highlights from the February report:


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Flash Index slips to 104.1 in February

Authors

The University of Illinois Flash Index, which measures the state's economy, slipped to 104.1 in February, after two consecutive months of increase. The drop from 104.4 in January returns the index to where it stood in November 2016, which was its lowest level since late 2012.

The economy continues to grow - because the readings are above 100, which marks the difference between growth and contraction - but growth in February was slower than the two previous months.


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The Feds giveth and the Feds taketh away

Authors

Governments in Illinois have been forced to spend tens of millions of dollars due to the loss of subsidies in a federal bond program, and could lose hundreds of millions more if the federal budget sequester remains in place, according to an analysis from the University of Illinois Institute of Government and Public Affairs.


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Tools to assess budgetary concerns (Kiwanis presentation)

Authors

This report is a PowerPoint presentation to the Urbana-Champaign Kiwanis by Fiscal Futures Project Director David Merriman that looks at the state budget situation in Illinois and examines tools for assessing the state's fiscal condition.


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U of I Flash Index up for second consecutive month

Authors

The University of Illinois Flash Index of ecomomic activity in Illinois rose to 104.4 in January from its 104.3 level in December. It is the second straight monthly increase after three months of declining readings, but the index has remained between 104 and 105 since last July. Any index reading higher than 100 indicates the state's economy is growing while readings below 100 indicate contraction.


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Illinois Economic Review - December 2016

Authors

  • Yizhou Zhang
  • Whayoung Jung

The Monthly Illinois Economic Review contains information on national, statewide, and local economic performance by measuring job growth, unemployment, and business activity. This information is compiled by IGPA Economist Geoffrey Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois at Urbana-Champaign with assistance from Yizhou Zhang and Whayoung Jung 


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Policy Initiative: none

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Illinois Economic Review -- November 2016

Authors

The Monthly Illinois Economic Review contains information on national, statewide, and local economic performance by measuring job growth, unemployment, and business activity. This information is compiled by IGPA Economist Geoffrey Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois at Urbana-Champaign with assistance from Yizhou Zhang and Kijin Kim.


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U of I Flash Index rises in December

Authors

The University of Illinois Flash Index ended a three-month fall in December, rising to 104.3 from its 104.1 level in November. The indicator of economic activity in Illinois ended 2016 more than a point lower than it closed the previous year. (See Flash Index archive.)


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U of I Flash Index falls in November

Authors

The University of Illinois Flash Index for November fell to 104.1 from its 104.3 level in October, marking the third consecutive month of decline in the measure of economic activity in Illinois. The index, published by the University's Institute of Government and Public Affairs (IGPA), has declined in five of the past six months. (See archive.)


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First you stop digging: Projections of Illinois' fiscal imbalance and paths to remedy it

Authors

The state of Illinois has operated for many years with a structurally unbalanced budget in the sense that, under the policies in place at the time, government revenue generated by the tax system was insufficient to pay for government spending under current law. This new report from IGPA's Fiscal Futures Project says the state of Illinois can recover from its current fiscal problems, but only with a disciplined and sustain approach that considers many alternatives. 


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