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Dallas Fed Recent Additions

A comprehensive list of all Recent Additions posted on


  • Average Inflation over the Pandemic Avoids 'Base-Effect' Distortions

    Since the start of the COVID-19 pandemic early last year, the nation has seen enormous swings in consumer prices, with extraordinary declines last spring giving way to similarly eye-popping increases as the economy has reopened.

    May 13, 2021

  • Research Department Working Papers

    Nonlinear Search and Matching Explained

    This paper derives an analytical solution to a textbook model that highlights the mechanisms that generate nonlinearity and quantifies their contributions.

    May 11, 2021

  • Private Subprime Mortgages Challenged FHA During 2000s Housing Boom

    Considerable research has been devoted to better understanding the meteoric rise of the PLS subprime mortgage market in the early-to-mid 2000s. But an important aspect has been largely ignored: The simultaneous decline in mortgage originations with Federal Housing Administration (FHA) insurance.

    May 11, 2021

  • Research Department Working Papers

    Quantitative Easing and Agency MBS Investment and Financing Choices by Mortgage REITs

    An emerging literature documents a link between central bank quantitative easing (QE) and financial institution credit risk-taking. This paper tests the complementary hypothesis that QE may also affect financial risk-taking.

    May 11, 2021

  • Interviews

    Bloomberg: Fed’s Kaplan on Colonial Cyberattack, Taper Debate, Inflation

    Dallas Fed President Rob Kaplan discusses the economic impact of the Colonial pipeline attack, cybersecurity, U.S. jobs, inflation, monetary policy and more with David Westin on Bloomberg TV.

    May 10, 2021

  • Energy Indicators

    Natural gas prices increased modestly in April after falling from February highs that were driven by Winter Storm Uri. The freezing temperatures slowed natural gas exports, pushing up heating and electricity demand—including from coal—and contributed to a historic spike in electricity prices in Texas.

    May 10, 2021

  • Research Department Working Papers

    Paycheck Protection Program: County-Level Determinants and Effect on Unemployment

    This paper uses U.S. county-level data to study the determinants and effects of the Paycheck Protection Program (PPP).

    May 07, 2021

  • Mexico Economic Update

    Output Growth Slows; Outlook Improves Further

    The latest data available show continued improvement in employment and industrial production, although exports and retail sales weakened based on a three-month moving average. The peso lost ground against the dollar in March, and inflation increased.

    May 06, 2021

  • Austin Economic Indicators

    The Austin economy accelerated in March. The Austin Business-Cycle Index grew at a robust rate, the unemployment rate declined, and first-quarter jobs were healthy in most sectors.

    May 06, 2021

  • Texas Economic Activity Springs Ahead as Growth Strengthens

    Economic activity in Texas accelerated sharply in March, according to recent data that also indicate a continuation of the strong momentum.

    May 06, 2021