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For the week of March 23, 2015   

Indiana Business Bulletin

COMMENTARY – by Michael J. Hicks, Ph.D.
The Rate Hike Calculus

The Federal Reserve relies on economic models to keep markets in balance.

There is much speculation over the timing of the Federal Reserve's decision to raise interest rates. One common approach by Fed watchers is to parse every word and statement to divine the moment rates will rise. Another is to understand the economic models the Fed is using to guide policy. As an economist, I obviously prefer the latter approach, and so here's my explanation of the models.

Read the full text: The Rate Hike Calculus

Last week's commentary: The Borg-Warner Natatorium; Repurposing Hoosier Factories

CBER Data Center

Ever wonder about how a new business could affect the local economy? Or how a big move will change the amount of money in your wallet? These questions can be answered through the calculators found on!

DID YOU KNOW? – by Dagney Faulk, PhD

CBER recently released a report, "A Cost-Benefit Analysis of Pseudoephedrine Drug Policy in Indiana" by Srikant Devaraj, Michael Hicks and Karthik Balaji, which estimates the impact of requiring a prescription to purchase products containing pseudoephedrine on medical expenses, state sales tax revenue and lost productivity of workers.

Impacts of switching from over-the-counter to prescription only purchases of medications containing pseudoephedrine include a $5.8 million dollar increase in respiratory drug payments through Medicaid, up to $1.3 million in lost sales tax revenue, up to $61 million in out-of-pocket expenses for households to obtain a prescription, and up to $27.3 million in lost worker productivity.

For more details, see the report in our publications database:

ECONOMIC INDICATORSView all economic indicators (CBER Data Center).

National Data

View the complete list of economic indicators and their release dates.


Indiana Data

County Data

MSA (Metro Area) Data



This Week's Data Releases

MONDAY: Indiana Metropolitan Statistical Areas (MSAs) Unemployment Rate, Monthly

MONDAY: Indiana Metropolitan Statistical Areas (MSAs) Employment by Sector, Monthly

MONDAY: Indiana Counties Unemployment Rate, Monthly

TUESDAY: U.S. Consumer Price Index, Monthly

WEDNESDAY: U.S. Durable Good Orders, Monthly

FRIDAY: U.S. Gross Domestic Product, Quarterly

FRIDAY: Indiana Unemployment Rate, Monthly

FRIDAY: U.S. Manufacturing Employment By State, Monthly

FRIDAY: Indiana Employment, Hours, and Earnings by Sector, Monthly

FRIDAY: U.S. Unemployment Rates By State, Monthly

BallStateCBER page





Center for Business and Economic Research
2000 W. University Ave. (WB 149),  Muncie, IN 47306-0360
Phone: 765-285-5926 | Email: | Web:

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