The Obama Economic Recovery Plan: National and Regional Macroeconomic Effect of Energy and Environmental Policies

REMI was used in this study to model the standard baseline forecast so as to ascertain the qualitative and quantitative impacts of the President Obama’s stimulus program. The three dimensions of the stimulus were the effect over time, the geographical effect, and the impact of the individual programs. The results speak more to cost savings and enhancements in productivity than generating new or bonus revenue in the short-term with long-lasting increases in real disposable personal income and gross domestic product on the horizon once the stimulus dollars run out.

REMI – Obama IAEE Final Paper [full PDF]

Predicting Housing Price Changes in States and MSAs Using Area Specific Price Elasticities

REMI Policy Insight 9.5 was able to represent the housing supply differences across the United States. Areas with a constrained housing supply ended up with lower economic forecasts and areas with an unconstrained housing development supply are estimated to enjoy a larger population, employment growth, and positive output forecasts. Housing price dynamics have been one of the most widely followed economic concepts as of late, with special attention paid to the state and local levels. From January 2000 to the peak of June 2006, the S&P/Case-Schiller home price index more than doubled (from 100 to 206.39), although it has since rounded back out to 199.18 on a national level.

REMI – Predicting Housing Price Changes [full PDF]

The Georgia Lottery: Assessing Its Administrative, Economic, and Political Effects

The University of Georgia estimated the impacts of the lottery dollar trail on Georgia’s economy with the REMI macroeconomic model. Analysts found that the lottery has a moderate positive impact on the state in the form of new jobs and residents, but may not accrue enough revenue to fund the educational programs it was intended to when initially enacted. This case study can now be used by states to determine the most important elements to include in a proposed lottery policy inception.

University of Georgia – The Georgia Lottery: Assessing Its Administrative, Economic, and Political Effects [full PDF]