Economics News

Ernest Boffy-Ramirez, Assistant Professor CT of Economics, discussed the importance of job mobility for graduates entering the labor market during a recession and says, "If you graduate during a recession and start at a lower earnings trajectory, one of the only ways for you to make up lost ground is...

Colorado Restaurant Association CEO Sonia Riggs said that business at most eateries was down between 20% and 50% by March 13, even before the new coronavirus restrictions — it is likely to be devastating for some businesses in the short term and transformational for some time to come. “The impact...

"It's basically NAFTA 2.0,” said Philip Luck, Economics Assistant Professor, about USMCA. “In most ways, it's not a substantial change to NAFTA policy." Luck says the new deal would give the U.S. access to Canada’s dairy market, but that’s about all that would change for the agricultural industry. One upside...

The state is basically at total employment, which is generally good. However, “unemployment is low enough that economists are going to keep a very close eye on inflation numbers,” said Andrew Friedson, Assistant Professor of Economics. Colorado unemployment flirts with an all-time low, again Colorado Public Radio, Sept 20

Andrew Friedson, Assistant Professor of Economics, said that if Durango has greater demand for gasoline and the supply chain is the same in both towns, Durango should have higher gas prices. Friedson suspects supply differences explain why Durango sees lower gas prices. “If you only have two companies competing in...

Daniel Rees and colleagues published research this month that found legalizing pot does not appear to encourage teen use and might actually discourage it. New JAMA study shows legalizing pot might discourage teen use CNBC , July 8 Study: Teen Use of Marijuana Drops in States Where It Is Legal...

"Medicaid patients in particular have incredibly low out-of-pocket responsibility for ambulances," said study author Andrew Friedson, Assistant Professor of Economics. "The most an ambulance ride covered under Medicaid costs the patient [is] three dollars. If there's a low-cost alternative to Uber to get to the hospital, you're going to take...

Research on tariffs from last year showed that all the additional costs associated with tarrifs were passed on to consumers. The U.S. Chamber of Commerce warned new tariffs are “exactly the wrong move” in a statement, and noted that the five percent tariff on Mexican imports would amount to a...

For the first time in history, both the Avalanche and Nuggets simultaneously advanced to a second-round playoff. Assistant Economics Professor Andrew Friedson confirmed what you can guess: the series will likely bring a jump in business for bars and restaurants closest to the arena. Downtown Denver bars are loving the...

“The idea of a shame-based economy isn’t too far off,” said Andrew Friedson, Assistant Professor of Economics. “Consumers have little power to engage in direct bargaining to get a better deal.” With insulin price cap, drug industry is once again shamed into doing the right thing Los Angeles Times ,...