UHERO Senior Research Fellow and Professor Emeritus of Economics
Ph.D., Economics, University of Pennsylvania, 1990
B.A., Economics, University of Puget Sound, 1982
Prof. Gangnes specializes in macroeconomics and the global economy, particularly the study of the US and its links to Asia, macroeconomic policies, global value chain production arrangements, demographic change, and patterns of international trade and finance.
With UHERO, he prepare forecasts and analysis for the US, global, and Hawaii economies, including impacts of federal and local policies, international linkages, and structural change.
Is inflation going the Fed’s way? Depends where you’re looking.
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
When banks go boom: Footloose deposits, regulatory failure, and the SVB crisis
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
COVID-19 infections, vaccines, and economic recovery
By Carl Bonham, Peter Fuleky, Byron Gangnes, and Justin Tyndall A year ago Hawaii was operating under its first COVID-19 Stay at Home Order. As