Peter Fuleky
Oil Prices and Hawaii Travel
Oil prices have fluctuated widely in recent years. In our recent County Forecast Report, we discussed how oil affects the overall economy. Because fuel costs represent about 40% of airline expenses, they can have a large effect on the profitability and behavior of airlines, and ultimately the Hawaii tourism industry. The price of oil has a […]
Read MoreUHERO welcomes new faculty: Inna Cintina and Peter Fuleky
Dr. Inna Cintina joins UHERO this summer as a Research Analyst and Junior Specialist. Inna earned her Ph.D. in economics from Clemson University in 2011. Before starting graduate school, Dr. Cintina worked for government agencies in an emerging market economy where her responsibilities included providing economic analysis of proposed tax law changes, forecasting tax revenues […]
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 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 […]
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