Economic Policy

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

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IGPA Experts use cutting edge social science research methods to analyze public policy. Our independent evidence and analysis is non-partisan, data-driven, and based in the best academic scholarship available.
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U of I Flash Index retreats in June

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After climbing to a nine-month high in May, the University of Illinois Flash Index retreated a bit in June. The monthly measure of economic activity in Illinois finished the month at 104.4, down from 104.6 a month earlier.


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The Geography of Family Differences and Intergenerational Mobility

Authors

  • Ryan Gallagher
  • Joseph Persky

 


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(.PDF 1.09 MB)

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U of I Flash Index reaches highest level in nine months

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The University of Illinois Flash Index jumped up to 104.6 in May, putting the measure of the Illinois economy at its highest level in the past nine months.

The rise from 104.3 in April represents surprisingly good news from both the national and state economy, said economist J. Fred Giertz, who compiles the Flash Index for the university’s Institute of Government and Public Affairs. The index hasn’t been this high since reaching 104.8 in August 2016.


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Illinois Economic Review - May 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. This information is compiled by IGPA Economist Geoffrey Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois at Urbana-Champaign. Among the May report highlights: The 12-month forecast shows that Illinois is likely to experience an employment decrease 6,100 jobs by April 2018.

 


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Illinois Economic Review - April 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. This information is compiled by IGPA Economist Geoffrey Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois at Urbana-Champaign.


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(.PDF 1.82 MB)

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Flash Index remains in narrow growth range for April

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The University of Illinois Flash Index fell slightly in April to 104.3 from its 104.4 level in March. The index, which measures economic activity in Illinois, has remained within a range of 104.1 to 104.4 for the past six months and between 104 and 105 for the past 10 months. View the full Flash Index archive.


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Illinois Economic Review - March 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. This information is compiled by IGPA Economist Geoffrey Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois at Urbana-Champaign.


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(.PDF 1.83 MB)

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IGPA scholars publish study that indicates crop risk management affects water usage

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Research shows crop insurance increases water use
 

New research has determined that the national crop insurance program to manage crop risk has increased irrigation, further depleting groundwater resources that likely will become more important as our climate becomes more variable.


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Does a carbon policy really burden low-income families?

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Will climate policy disproportionately hurt the poor? Many say yes, but let’s look at the issue more closely. The purpose here is not to decide what’s fair, because readers can decide for themselves. Rather, the purpose is to demonstrate different notions of fairness. For “vertical” distributional effects between those with high- and low-incomes, the conventional view is that carbon policy is regressive (burdens that are a higher proportion of income for those with low income than for those with high income).


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(.PDF 656.83 KB)

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U of I Flash Index rebounds in March

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View the Flash Index Archive

 

The University of Illinois Flash Index bounced back in March after dipping slightly the previous month. The measure of economic activity in Illinois was 104.4 last month, returning to the same level is was in January. The index, which is published by the University’s Institute of Government and Public Affairs, dipped to 104.1 in February.


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