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 climbs to 104.9 in May

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URBANA _ The University of Illinois Flash Index rose again in May, to 104.9 from April’s 104.7. The May index is the highest it has been since it was at 105.0 in June 2016. Since then, the index has rested in a range of 104.1 to 104.9. Any reading above 100 indicates the Illinois economy is growing.


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Flash Index reaches highest level in 20 months

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The University of Illinois Flash Index rose in April to its highest level in 20 months, reaching 104.7. That is up from 104.5 in May and is the highest reading since a 104.8 in August 2016. 


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Illinois economic growth remains stable; Flash Index off slightly in March

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The Illinois economy remains in a period of slow stable growth, reflecting the strong national economy, according to the latest University of Illinois Flash Index. The index dipped in March to 104.5 from February’s 104.6, however it remains within the same 104 to 105-point range it has been since early 2016.


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The use of business property tax incentives in Cook County, Illinois

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The authors use data on all business parcels and property tax incentives in Cook County to analyze the use of business tax incentives from 2012 through 2014.


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Illinois Economic Review - Feb 2018

Authors

  • Yizhou Zhang
  • Pan Haozhi

Highlights from the February 2018 Illinois Economic Review, published by the Regional Economics Applications Laboratory at the University of Illinois at Urbana-Champaign:


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U of I Flash Index up to 104.6 in February

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The University of Illinois Flash Index rose in February for the second straight month, climbing to 104.6 from 104.4 the previous month. The February reading is a half point higher than December and puts the monthly indicator of Illinois’ economic condition at its highest level since May 2017.


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Peering over Illinois' fiscal cliff

Authors

  • Nancy Hudspeth

This is Chapter 2 of The Illinois Report 2014.


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Can slow and steady win the race?

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This is Chapter 1 of The Illinois Report 2014. 


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The Illinois Report 2014

Authors

  • Christopher Lubienski
  • Jennifer A. Delaney
  • Nancy Hudspeth
  • Daniel H. Karney
  • Hillary L. Rowe
  • Karina Garcia
  • Elizabeth Calhoun

The Illinois Report 2014 is an examination of critical issues facing the state of Illinois. For each of these issues, we examine the current status, draw comparisons with national and regional trends and offer some possible solutions. 


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No Magic Bullet: Constructing a Roadmap for Illinois Fiscal Sustainability

Authors

  • Chuanyi Guo
  • Di Qiao

The state of Illinois finally ended its two-year budget impasse in July 2017 but continues to face a structural fiscal imbalance. We use comprehensive data supplied by the Illinois Comptroller to construct a time series showing Illinois state revenue and expenditures on a consistent basis since FY1998. We find that during this period Illinois’ expenditures have grown faster than its revenue and the state has had large budgetary gaps, with spending significantly exceeding sustainable revenue, since FY2000.


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