Michael mcdonough carl riccadonna biography
A Bloomberg piece by economists Michael McDonough and Carl Riccadonna put the correlation as high as 82 percent..
A longtime Wall Street analyst is poised to take over as Oregon’s chief economist, producing the quarterly forecasts lawmakers rely on to craft the state budget – and that determine whether Oregonians receive a hefty tax rebate through the state’s unique kicker law.
Running into the Kicker - Fresh from Wall Street, state economist Carl Riccadonna says he'll work to bring Oregon's revenue forecasts in line with reality.
Carl Riccadonna will take over as the state’s top economist on Monday, the Oregon Department of Administrative Services announced Wednesday. He succeeds state economist Mark McMullen, who left in May to join the Common Sense Institute, a libertarian-leaning think tank.
As chief economist, Riccadonna will lead a team of analysts who produce quarterly forecasts for the state, analyzing economic trends and how they’ll affect the state’s tax revenues.
Lawmakers use those forecasts, particularly the forecast issued in May of odd-numbered years, to decide what they can afford to spend on government programs.
Economic forecasts are especially complicated in Oregon because of the kicker.
If a forecast i
