Inforum, or Interindustry Forecasting at the University of Maryland, was founded nearly 50 years ago by Dr. Clopper Almon, now Professor Emeritus of the University. It is dedicated to improving business planning, government policy analysis, and the general understanding of the economic environment. Inforum accomplishes this mission through:

• Building and using structural economic models of U.S. and other economies. Inforum pioneered the construction of dynamic interindustry-macroeconomic models that portray the economy in a unique "bottom-up" fashion.

• Working with government and private sector research sponsors to investigate a variety of issues. Economic projections and analysis using Inforum econometric models are distinguished by detail at the industrial and product level.

• Serving as a training crucible for University of Maryland graduate and undergraduate students who receive valuable training in empirical economics. Indeed, Inforum graduate research assistants have completed over 40 Ph.D. dissertations, most of which have contributed directly to the infrastructure of Inforum.

• Maintaining active and productive ties with a world-wide network of research associates, each of which uses Inforum modeling methods and software. The Inforum partners have held annual conferences since 1993 to foster cooperation and development of economic knowledge and techniques.

Since its founding in 1967 by Dr. Clopper Almon, Inforum has served government agencies and private sector entities interested in economic analysis facilitated by Inforum's approach. In particular, Interindustry-Macroeconomic (IM) models combine input-output structure with econometric equations in a dynamic and detailed framework. Because of their ability to portray the detailed structure of economies over actual time periods, these models fill an important gap in the inventory of existing models of the U.S. and foreign economies. In addition to forecasting, the models often are used to answer "what if" questions about the impact across industries of fluctuation in the macroeconomic environment, such as changes in exchange rate or tax policy.

2017 Inforum Outlook Conference December 7, 2017 - Inforum held its annual outlook conference at the University of Maryland. About 75 representatives from government, private industry, and academic organizations participated in the event. In addition to the U.S. economic outlook, topics included health policy, tax reform, trade, and infrastructure. The conference agenda and other details are available, including slides of the select presentations.
Economic Impacts of Proposed Senate Tax Reform November 28, 2017 - Inforum released today a report that analyzes the macroeconomic impact of the proposed Senate Tax Reform. The study was conducted using the Inforum Lift model, coupled with Quantria Strategies’ microsimulation tax model. The study includes impacts of increased personal consumption, investment, labor supply, and productivity to assess the potential impacts of dynamic feedback effects. The scenario horizon is from 2018 to 2027.
Economic Analysis of the HVACR Industry October 11, 2017 - Inforum partnered with the National Association of Manufacturers to analyze the footprint of the HVAC and water heating industry for AHRI (Air-Conditioning, Heating, & Refrigeration Institute). The HVACR manufacturing industry serves many basic requirements of the household, industry, and commercial sectors. These include home and building climate control, supply of hot water, and refrigeration for food, beverage, and industrial needs. The report includes national and state-level economic impacts. In addition to direct economic impacts, the report provides estimates of upstream supplier and downstream distributor/installer activity.
The Supply Side of Health Care April 15, 2014 - A common assertion is that health care is over one-sixth of the economy, but this claim is based only on a measure of health care demand. Our work reconciles information about the supply and demand sides by linking the National Health Expenditure Accounts to domestic production and imports, value added, and employment.
A complete listing of recent news is available.

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