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Brandon Pizzola

Partner/Principal, EY Quantitative Economics and Statistics (QUEST)

Brandon M. Pizzola is a Partner/Principal in EY's Quantitative Economics and Statistics (QUEST) practice.5 He is an economist with a strong background in economic and econometric modeling.1

Professional Background

Dr. Pizzola serves as an advisor to both public and private clients on a wide range of policy matters.23 His expertise lies in:

  • Economic analysis
  • Econometric modeling
  • Quantitative research

Prior to his current role, Brandon held the position of Senior Manager in EY's QUEST group.1 He has also worked as an MA Fellow at the Mercatus Center at George Mason University.4

Areas of Focus

Brandon's work encompasses various aspects of economic policy and analysis, including:

  • Tax policy
  • Carbon regulations
  • Macroeconomic impacts of policy decisions

He has been involved in research comparing the macroeconomic impacts of carbon regulations versus carbon taxes4, demonstrating his expertise in environmental economics and policy analysis.

Recent Developments

In late October 2023, Brandon announced his promotion to Partner/Principal in EY's Quantitative Economics and Statistics (QUEST) practice.56 This advancement reflects his significant contributions to the field and his growing role within EY's economic consulting services.

Brandon Pizzola's LinkedIn profile can be found under the username brandon-pizzola-830285172, where he shares insights and updates related to his work in economic analysis and policy research.

Highlights

Aug 26 · linkedin

EY QUEST monthly economic update August 2024: Inflationary pressures wane and labor markets come into better balance

--The Federal Reserve appears close to a soft landing in a manner consistent with its twin goals of maintaining stable prices and full employment. Inflationary pressures have lessened over the past few months and are again moving towards the Federal Reserve’s 2% target rate. At the same time, labor markets have come into better balance. While they have weakened, they are not weak, and forecasters generally expect the US economy to continue to grow.

--The overall Consumer Price Index (CPI) fell to 2.9% in July, falling every month since March 2024 and at its lowest level since March 2021. The Personal Consumption Expenditures (PCE) price index, the measure more closely tied to monetary policy, fell to 2.5% in June and has also had a downward trajectory over the past several months.

--Labor markets have softened, with the July unemployment rate rising to 4.3% and July job gains at just 114,000. The annual benchmark revision for April 2023 through March 2024 had 818,000 fewer job gains than previously estimated, a 30% reduction, suggesting that labor markets were weaker than initially thought. Notwithstanding the softening, the unemployment rate is within range of the rate consistent with full employment.

--The recent inflation and jobs data have set the stage for the Federal Open Markets Committee (FOMC) to begin to reduce interest rates, possibly at their next meeting on September 17-18. Markets currently anticipate a 25-basis point reduction in September, reductions totaling 100 basis points by year-end, and reductions totaling 200 basis points by summer 2025.

Interested in receiving a weekly economic update? Sign up here: https://lnkd.in/eHpdiJKB

Jul 31 · linkedin

New EY QUEST report: Economic impact of tax policy uncertainty

--Stable and predictable tax policies are important for businesses to grow and succeed. Tax policy uncertainty can hinder investment and expansion, as businesses may hesitate to commit to new projects or hire additional staff without a clear understanding of the future policy environment.

--This report estimates the economic impact of tax policy uncertainty on the US economy by conducting and analyzing a survey of 500 senior US business leaders (e.g., executive vice presidents, C-suite members, managing directors). Specifically, this report asks respondents to characterize the degree of tax policy uncertainty and ascribe its drivers.

--More than 75% of respondents stated that there is at least some tax policy uncertainty facing their business and one-third of respondents stated that there is substantive or very high tax policy uncertainty.

--This report also estimates its impact on US jobs, capital expenditures, and company revenue.

Read the full report here: https://lnkd.in/dpCWzJed

Related Questions

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Brandon Pizzola
Brandon Pizzola, photo 1
Brandon Pizzola, photo 2
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Location

Washington DC-Baltimore Area