Each year our faculty shine in various media outlets. They converse on an array of topics in Economics. Read more about how they got involved this year below.
BEPP professor Boyoung Seo was interviewed on April 15th on Marijuana tax revenues. She stated that the “revenues in states like Colorado and Washington have fallen short of initial projections due to a combination of high taxation rates, competition from the black market, and shifts in consumer behavior. Despite legalization aimed at boosting state revenues, the actual income has been lower than expected, suggesting a need for more balanced tax policies and regulatory frameworks to support a sustainable cannabis market.”
Professor Seo was also mentioned in Forbes when she commented on retail prices based on seasonal changes. “Retail prices often adjust to seasonal demand peaks due to variations in consumer price sensitivity. For example, ice cream prices drop in summer despite higher demand, as retailers lower prices to attract price-sensitive seasonal consumers. Conversely, products like airfares increase during holidays due to higher willingness to pay among consumers. This dynamic showcases the complex interplay of consumer behavior and retail strategies in different markets”
As executive director of the Indiana Business Research Center at the Kelley School, BEPP Professor, Philip Powell, is often called upon to offer comment on economic news at the state and national level. Each November, the Center offers an economic forecast for the year ahead, thus there is frequent interest in our response to updates of new economic data. Professor Powell comments, “Financial markets are anxious for the Federal Reserve to cut interest rates, but that will not occur until inflation falls. This announcement in June of no change in the consumer price index between May and June increased the chance that interest rates will soon fall.” Read more about this below.
Our final media appearance occurred because this past year the IBRC rebranded the Business Outlook panels to the
“Futurecasts” (Read More), and Andrew Butters was able to participate in a few local events to help disseminate the IBRC’s forecasts both in person and over radio. Read below about these two appearances.
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