New model predicts US recessions, slowdowns based on level of financial misreporting in economy

Researchers at the Indiana University Kelley School of Business and the University of Missouri have devised a more accurate model to predict recessions and economic slowdowns, based on the aggregate probability of financial misreporting in the economy. Kelley School accounting professors Messod D. Beneish and David B. Farber found that recessions and economic slowdowns are more probable when there is a higher likelihood that financial statements have been manipulated.

How Much Will Inflation Really Influence Spending This Holiday Season?

Almost everything is more expensive these days: Gas prices have reached record highs. Grocery prices are through the roof. And as we approach the holiday season, all that inflation leaves little money for extras like entertainment, travel, or shopping — or does it?  For the scoop on how inflation will influence the holidays, we checked in with UNLV hospitality professor, tourism researcher, and consumer behavior expert Amanda Belarmino.

Expert: 2020 election and the economy

President Donald Trump has consistently touted the economy’s pre-COVID-19 success and recent rebound as one of his greatest successes as president, if not one of the greatest economies in U.S. history. But how strong is the economy really? And how much of that success can be attributed to the president? Three experts from the Olin Business School at Washington University in St.

Land Development in New Jersey Continues to Slow

Land development in New Jersey has slowed dramatically since the 2008 Great Recession, but it’s unclear how the COVID-19 pandemic and efforts to fight societal and housing inequality will affect future trends, according to a Rutgers co-authored report. Between 2012 and 2015, 10,392 acres in the Garden State became urban land. That’s 3,464 acres a year – far lower than the 16,852 acres per year in the late 1990s and continuing the trend of decreasing urban development that began in the 2008 Great Recession.

How soon can the economy recover from the COVID-19 recession?

There’s no doubt the COVID-19 pandemic has put the United States into a recession, says an economist who is the associate dean of the College of Business at The University of Alabama in Huntsville (UAH), so now the question on everyone’s mind is when business will get back to normal.

Business strategy and economic development expert can speak about possible recession as a result of COVID-19 behavioral changes from consumers and cancellations

It might feel like 2008, but it’s not. Phil Powell, Indiana University Kelley School of Business associate dean of academic programs in Indianapolis and clinical associate professor of business economics and public policy, says he expects coronavirus fears and behavioral…

People in Counties with Worse Economies Post-Recession Are More Likely to Die from Heart Disease

Communities in the United States that experienced the most economic distress in the wake of the Great Recession saw a significant increase in death rates from heart disease and strokes among middle-aged people, according to a new multi-institution study led by researchers at Penn Medicine.