Knoop on KCRG

MOUNT VERNON – Associate Professor of Economics and Business Todd Knoop was featured in a story on KCRG on Wednesday concerning the closing of two stores in Cedar Rapids.

The stores, the story puports, are shutting down at least in part due to the poor economy.

“Unfortunately during this recession that is what we will see because small businesses are more likely to see their credit cut off,” the story quotes Knoop as saying.

He goes on to say that the recession has not yet hit rock bottom, and that it’s likely to be 18 months to 2 years until any recovery is seen.

To view the full article click here.

To watch the video click here.

Knoop has been making the media rounds with regard to the current economic crisis, appearing on Money Talk with Bob Brinker and in Business Week, The Associate Press, The Cedar Rapids Gazette,  and others.

Knoop is Associate Professor of Economics and Business, has interests in macroeconomic policy, monetary policy, tax reform issues, and international finance.  His courses include Money and Banking, Economics of Recessions and Depressions, and Econometrics. He is the author of the 2004 book Recessions and Depressions: Understanding Business Cycles, and has published articles inCanadian Journal of Economics, Economic Inquiry, and Southern Economic Journal. He holds a doctorate from Purdue University.