One factor that could hamper the political relevance of economic issues, such as inflation, is that voters might not have high expectations of their elected officials to actually address them, regardless of their party. "While the economy is on everyone's radar and...
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How Will the Economy Affect the Midterm Elections?
Prof. Michael L. Lahr, Director, Rutgers Economic Advisory Service (R/ECON™), was quoted on the upcoming elections. "While the economy is on everyone's radar and will undoubtedly be a reason folks vote for one candidate or another, no candidate (not even the...
How Will the Economy Affect the Midterm Elections?
Prof. Michael Lahr, Director of Rutgers Economic Advisory Service, was quoted in a Rutgers Today feature on the economy. "While the economy is on everyone's radar and will undoubtedly be a reason folks vote for one candidate or another, no candidate (not even the...
NJSPL – What’s a Fed to Do? The Potential Factors of a Recession, Part 2
Today’s NJSPL blog, by Prof. Michael L. Lahr, is the second part of a deeper look at the possible recession. He notes that the dollar is strong across the globe, which could help the economic balancing act.
NJSPL – What’s a Fed to Do? The Potential Factors of a Recession, Part 1
Today’s NJSPL blog, by Prof. Michael L. Lahr, titled “What’s a Fed to Do? The Potential Factors of a Recession, Part 1,” discusses the Federal Reserve’s decision to increase the federal fund rate a second time.
New Jersey wineries battle rising cost of packaging, shipping wine
Wineries are being hit hard by the high cost of supplies, and they are also facing supply shortages. While there isn't a wine shortage, the cost to package and ship bottles of wine has gone up, according to some employees at wineries in New Jersey. *********** A local...
Gas prices rise to record highs again
Gas peaked at $1.39 a gallon back then, which would be $4.52 today. Action News spoke to Michael Lahr, an economics professor at Rutgers University. "What may happen, not real soon though, is that companies will use these raises in prices to invest in capital to get...
Gas prices hit all-time highs across Philadelphia, tri-state area
Gas prices across the tri-state hit another record high on Monday, just ahead of the busy summer driving season. It's $4.64 a record gallon in Philadelphia, 14 cents above the statewide average. Pennsylvania, New Jersey and Delaware are also at all-time highs. It's...
New Jersey State Policy Lab: Guilt Tipping and the Inflated Default Tip
Why do we feel guilty about tipping pressures at establishments where only a tipping jar previously existed? And why are tips inflating as a percentage of the bill?
New Jersey State Policy Lab: Lowering Tax Rates on Motor Fuels: A Bad Idea That’s Gaining Momentum
In the face of budget surpluses and soaring energy prices, it would seem that consoling consumers in this manner is more than just a patriotic duty for legislators–but this is wrong in multiple ways.
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