How high are interest rates really?
By Byron Gangnes The Federal Reserve has raised interest rates sharply over the past fifteen months, and Fed officials have signaled that perhaps two more
By Byron Gangnes The Federal Reserve has raised interest rates sharply over the past fifteen months, and Fed officials have signaled that perhaps two more
Abstract: Specialization in tourism exposes the economy of Hawai‘i to external shocks that trigger collapses in tourist numbers. Furthermore, Hawai‘i’s economic growth has diminished for
By Steven Bond-Smith The following is adapted from a speech I recently gave at the Western Regional Science Association meetings on the Big Island. My
By Byron Gangnes The Fed’s war on inflation has been underway for more than a year. Interest rates have been driven up sharply, with consequences
Recent developments bring both promise and peril for Hawaii. Tourism prospects are positive, despite the delayed Japanese market recovery. Construction activity will remain high, and
By Byron Gangnes Banking can be a risky business. A bank keeps only a fraction of its deposits as cash reserves, turning the rest into
Our Hawaiʻi outlook continues to see economic slowing but no recession. While international tourism will continue to recover, domestic travel will soften as the US
The global outlook continues to darken, but prospects for Hawaii remain largely unchanged from our last report. Rising interest rates, dwindling pandemic era savings, and
Abstract: Hawaii was vulnerable to the COVID-19 pandemic due to its reliance on tourism. This article analyzes the pandemic’s economic impact in Hawaii by comparing