Last night, we went to a Thai restaurant in Northampton, Massachusetts, the home of Smith College. Great food!

Today, Jon Lee from REMI continued yesterday's discussion of policy variables available in the REMI InSight model. He discussed the following blocks of variables: labor and capital demand; population and labor supply; wages, prices, and profits; market shares; and fiscal calibrations. Then, Adam Cooper, who is a REMI associate economist, described how to create alternative employment control forecasts.

In the afternoon, Stephen Houdlette from the University of Connecticut presented a paper, "Bradley International Airport Study Using TranSight Airport." This presentation reported research on the economic impact of Bradley International Airport, a major airport in Western Connecticut.

Fred Treyz, CEO of REMI, presented some information about REMI's new fiscal impact model, a dynamic economic and demographic model for assessing potential fiscal impacts of policies and events. For instance, what is the fiscal impact on the city of New Orleans of Hurricane Katrina. Will taxes rise. What will new operating costs be? To what level will county revenues rise due to rebuilding after Katrina. The fiscal impact model is wrapped around the REMI core model.

Last day tomorrow, and, then, back to State College!