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California's budget difficulties were compounded last year when the state and federal government delayed the deadline to file 2022 income tax returns from April to November due to winter storms ...
There has been some academic research into the accuracy of the Western Blue Chip Economic Forecast. A 2003 paper by Carol T. West (published just two years after the forecast became operational) pointed to the data set from the Western Blue Chip Economic Forecast as a valuable information source for future studies of the accuracy of regional ...
California faced a $26.3 billion budget deficit for the 2009–2010 budget year. [7] While the legislative bodies appeared to address the problem in 2008 with the three-month delayed passage of a budget they in fact only postponed the deficit to 2009 and due to the Great Recession and the 2007–2008 financial crisis the problem became urgent ...
SPF has been used in academic research on forecast accuracy and forecast bias. [4] [7] [8] A 1997 analysis of density forecasts of inflation made in the SPF finds: "The probability of a large negative inflation shock is generally overestimated, and in more recent years the probability of a large shock of either sign is overestimated.
California water officials are projecting a boost in delivery fulfillments this year, despite enduring a predominantly dry January. The Department of Water Resources on Tuesday announced that its ...
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The California Department of Finance is a state cabinet-level agency within the government of California. [1] The Department of Finance is responsible for preparing, explaining, and administering the state's annual financial plan, which the governor of California is required under the Constitution of California to present by January 10 of each year to the general public.
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms.
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