Carl Bonham

Tap Fed Lending Facilities to Support Local Economy

By Carl Bonham, Byron Gangnes, Sumner LaCroix, and James Mak The State and counties are facing unprecedented budget shortfalls in this fiscal year and the next.  While a combination of carry-over funds and monies from various special funds could tide the State over in the very short run, tax revenue declines that could easily top […]

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Interim Forecast Update: Hawaii’s Economy is Shut Down to Deal with COVID-19

This is UHERO’s second interim forecast update to address dramatic recent developments associated with the novel coronavirus pandemic. Much has changed since the interim forecast update that we released three weeks ago. COVID-19 has spread to more and more countries, with disastrous impacts being seen in several major European economies, including Italy and Spain. Nationally, […]

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