Eller's George Hammond Talks Inflation with USA Today
June 15, 2022
George Hammond, research professor and director of the Economic and Business Research Center in the Eller College of Management, was quoted in a recent USA Today article regarding inflation in Phoenix, Arizona.
“It’s not unusual for inflation to run a little bit hotter in Phoenix than the U.S.,” says Hammond. “What is unusual is the degree to which we’re beating the national average.”
Hammond also mentioned that increased cost of labor and homebuilding materials have directly fed into the home price growth in Phoenix.
A specialist in econometric forecasting for more than two decades, Hammond has designed, built and used economic models to produce more than 100 forecasts for state and local economies and completed more than 50 regional economic studies on topics including economic and workforce development, energy forecasting and the impact of higher education on human capital accumulation.
These forecasts and reports reach thousands of business leaders, policymakers and citizens each year through conferences, public presentations, publications, EBRC’s websites and social and traditional media. Hammond is a frequent contributor to local and national news services. His analysis and commentary have been featured on NBC Nightly News, The Wall Street Journal, USA Today, Bloomberg Businessweek and The New York Times.
In addition to directing EBRC and spearheading EBRC’s Forecasting Project, Hammond is also a research professor with academic research interests focusing on the determinants of local economic growth in the U.S., the impact of state and local policies on economic growth and the contribution of higher education to local workforce development.