Labor Market Slack Disappeared by 2016

October 15, 2019

This is the second of three articles that talk about the natural rate of unemployment, the unemployment rate that would prevail in a “neutral” labor market after removing all movement due to the business cycle.

Mexico Economic Update

Mexico's Economic Outlook Revised Down Further as Growth Disappoints

October 11, 2019

Mexico’s gross domestic product (GDP) declined 0.5 percent in the first half of the year, its weakest growth in six years.

Essay by President Robert S. Kaplan

Economic Conditions and the Key Structural Drivers Impacting the Economic Outlook

October 10, 2019

President Rob Kaplan describes his assessment of economic conditions, key structural drivers critical to the prospects for economic growth in the U.S. and the stance of U.S. monetary policy.

Southwest Economy, Third Quarter 2019

Texas K–12 Education Spending Set to Rise, but Who Will Pay?

September 27, 2019

The Texas Legislature approved increased public school spending and limited property tax increases, but this may not fully provide a long-term solution to meeting local districts’ needs.

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Robert S. Kaplan

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Recent Additions

Institute Working Papers

Understanding the Aggregate Effects of Credit Frictions and Uncertainty

We examine the interaction of uncertainty and credit frictions in a New Keynesian framework. We find that poor credit conditions mostly driven by financial uncertainty induce significant nonlinearities in the transmission mechanism of U.S. monetary policy and that monetary policy uncertainty contributes as much as 40% to U.S. business cycle volatility.

Research Working Papers

Making Sense of Increased Synchronization in Global House Prices

Evidence indicates that house prices have become somewhat more synchronized during this century, likely reflecting more correlated movements in long-term interest rates and macroeconomic cycles that are related to trends in globalization and international portfolio diversification.

Banking & the Financial Industry

Banking Conditions Survey, October 2019

The Eleventh District financial sector has shown some signs of stronger growth over the past six weeks, according to survey respondents.

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Events

10/18/19
Energy and the Economy: Markets in Transition
Denver Branch of the Federal Reserve Bank of Kansas City
11/06/19
Global Perspectives with Tom Luce
Houston Branch
11/13/19
Global Perspectives with Douglas Holtz-Eakin
Austin

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In Focus

Forging a New Path in North American Trade and Immigration

This conference on Sept. 26–27 will explore the challenges and opportunities presented by the proposed United States–Mexico–Canada Agreement (USMCA).

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Southwest Economy, Third Quarter 2019

The latest issue looks at auto loan debt, carbon emissions and renewable energy and education spending. It also includes a Spotlight on wind and solar power, a Q&A with atmospheric scientist Katharine Hayhoe and an infographic on Mexico's slow adoption of digital payments.

Global Perspectives

This speaker series connects global thought leaders and community members for conversation around economic issues.

Glenn Hubbard
Oct. 10, Dallas
Tom Luce
Nov. 6, Houston
Douglas Holtz-Eakin
Nov. 13, Austin

Rob Kaplan in the News

Latest Analysis

Economic insights from the Federal Reserve Bank of Dallas.

Energy Research

The Dallas Fed is a premier source for information on energy economics.

Resources

Dallas Fed on Twitter

About the Dallas Fed

As one of twelve regional Reserve Banks in the Federal Reserve System, the Dallas Fed serves the Eleventh Federal Reserve District, which consists of Texas, northern Louisiana and southern New Mexico.

The Eleventh District