A comprehensive list of recently added postings on Dallasfed.org.
Austin Economic Indicators
Austin's economy continued to expand in July. The Austin Business-Cycle Index continued to grow as the unemployment rate remained low and employment increased.
September 1, 2022
Texas Service Sector Growth Weakens in August
Activity in the Texas service sector increased at a slower pace in August, according to business executives responding to the Texas Service Sector Outlook Survey.
August 30, 2022
Shift to working from home diminished large cities’ productivity premium
Since the start of the pandemic, the reduced presence of in-office workers has reduced the wage premium attached to large cities and may have diminished the productivity edge of these areas.
August 30, 2022
PCE Inflation Update
The headline, or all-items, PCE price index fell an annualized 0.8 percent in July after increasing an annualized 12.2 percent in June.
August 26, 2022
Are Equity Option Returns Abnormal? IPCA Says No
This paper shows that much of the profitability in equity option return strategies, which try to capture option mispricing by taking exposure to underlying volatility, can be explained by an IPCA model.
August 26, 2022
San Antonio Economic Indicators
Overall economic activity in San Antonio remained positive in July. The business-cycle index continued to expand as wages increased, dining out activity stayed above prepandemic levels, and job growth remained solid.
August 25, 2022
Texas Economic Indicators, Aug. 2022
The Texas economy continued to expand in July, with broad based growth in payrolls. Job openings remained elevated, and the unemployment rate ticked down.
August 24, 2022
El Paso Economic Indicators
El Paso continued to experience strong economic growth in July. The metro’s business-cycle index rose, unemployment remained low, U.S. auto production and sales increased, and the labor market finally recovered the jobs lost due to the pandemic.
August 24, 2022
Vaccines were key to curbing COVID-19 in Europe; other measures also useful
Vaccine uptake was the most important factor in reducing effective transmission rates in 2021, though the other factors helped bring infections under control.
August 23, 2022
Interest Rate Surprises: A Tale of Two Shocks
Interest rate surprises around FOMC announcements reveal both the surprise in the monetary policy stance (the pure policy shock) and interest rate movements driven by exogenous information about the economy from the central bank (the information shock). In order to disentangle the effects of these two shocks, this paper uses interest rate changes on days of macroeconomic data releases.
August 22, 2022