Economy
Gang of Six vs Cap, Cut, and Balance
It was a busy week in Washington as Congress has struggled with potential solutions to the looming US debt ceiling crisis. Two very different plans have floated to the surface. First, the so called Gang of Six has revived a version of the Bowles-Simpson bypartisian deficit reduction plan. They have widespread support in the Senate […]
Read MoreDr. Denise Konan participates on an APEC panel on PBS Hawaii’s INSIGHTS
The INSIGHTS ON PBS HAWAII program will feature a discussion about the Asia-Pacific Economic Cooperation (APEC) summit that will take place in Honolulu this November. A panel of experts will delve into the economic, environmental and social issues that APEC members will explore at the summit, and what the high-profile event means for Hawaii as […]
Read MoreQ & A: What’s the problem in Europe?
1. THE DEBT CRISIS IN EUROPE SEEMED TO GO FROM BAD TO WORSE. WHAT’S THE PROBLEM? The European Union is still trying to solve the problem of very large government debt burdens of a number of countries. Greece is at the center of the crisis. They have an accumulated net debt of more than 140% […]
Read MoreUHERO Brief: The Lag in Employment Recovery
While US real GDP bottomed out in the second quarter of 2009 and is now back at its pre-recession level, non-farm payrolls only started picking up at the beginning of 2010, and they remain far below their previous peak. What explains the existence of this lag? This brief appeared in the most recent UHERO County […]
Read MoreUHERO County Forecast: Uneven Recovery Continues
Hawaii’s county economies turned the corner in 2010, led by rapidly improving visitor sectors. The recovery will broaden and deepen in 2011, but performance will be uneven. A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO’s Forecast Project.
Read MoreState Forecast Update: Japanese Quake Won’t Derail Recovery
The Japanese earthquake has led to a pause in visitor industry growth, but unless we see a further spike in oil prices, Hawaii’s economic recovery will continue to build strength.
Read MoreDr. Sumner LaCroix to participate on tourism panel on PBS Hawaii’s INSIGHTS
The INSIGHTS ON PBS HAWAII program will feature a discussion about the state of tourism in Hawaii. Featured on the panel will be UHERO Research Fellow and Professor of Economics, Dr. Sumner LaCroix, Ramsay Taum, President of the Life Enhancement Institute of the Pacific, Mike McCartney, President/CEO of the Hawaii Tourism Authority, Keith Vieira, VP […]
Read MoreIndirect Inference Based on the Score
The Efficient Method of Moments (EMM) estimator popularized by Gallant and Tauchen (1996) is an indirect inference estimator based on the simulated auxiliary score evaluated at the sample estimate of the auxiliary parameters. We study an alternative estimator that uses the sample auxiliary score evaluated at the simulated binding function which maps the structural parameters […]
Read MoreUHERO Brief: The Macroeconomic Aftermath of the Earthquake / Tsunami in Japan?
The unfolding nuclear disaster in Japan makes any assessment of the near term outlook highly speculative. In coming weeks, as data on the extent of damage to Japan and Hawaii’s tourism industry is collected, UHERO will analyze the impact of the crisis on the near term outlook for Hawaii. In this UHERO Brief, UH economist […]
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