Dallas Fed recent additions

• The Distributional Effects of COVID-19 and Optimal Mitigation Policies

  This paper develops a quantitative heterogeneous agent-life cycle model with a fully integrated epidemiological model in which economic decisions affect the spread of COVID-19 and vice versa.

  May 12, 2022

• Lorie K. Logan named president and CEO of Dallas Fed

  The Federal Reserve Bank of Dallas has announced the appointment of Lorie K. Logan as president and CEO.

  May 11, 2022

• Don’t look to oil companies to lower high retail gasoline prices

  While U.S. retail gasoline prices in many regions have remained stubbornly high since March, this situation reflects frictions in the retail gasoline market rather than the supply of oil or the price of oil.

  May 10, 2022

• How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers

  This paper studies the effects of mortgage rate changes resulting from monetary policy shifts on homeowners’ spending, debt repayment and defaults.

  May 6, 2022

• When Do State-Dependent Local Projections Work?

  Despite its widespread application, the asymptotic validity of the local projection approach to estimating state-dependent impulse responses has not been established to date. This paper formally derives this result for a structural state-dependent vector autoregressive process.

  May 6, 2022

• PCE Inflation Update, March 2022

  The headline, or all-items, PCE price index rose an annualized 10.9 percent in March after increasing an annualized 6.4 percent in February.

  May 6, 2022

• Austin Economic Indicators

  Growth in the Austin economy strengthened in March. The Austin Business-Cycle Index expanded at a faster pace than February, while the unemployment rate dipped to prepandemic levels.

  May 6, 2022

• Houston Economic Indicators

  Houston payroll growth slowed in first three months of 2022 amid a sharp drop in unemployment. Both housing and commercial real estate data showed the Houston market continuing to tighten with high demand, limited supply and falling vacancies.

  May 5, 2022

• Energy Indicators

  Refinery utilization is rising as they exit the spring maintenance season amid rising measures of profitability and low product inventories.

  April 28, 2022

• Dallas-Fort Worth Economic Indicators, April 2022

  Robust expansion continued in the Dallas–Fort Worth economy in March. Payroll employment grew at a swift pace, bolstering growth in the Dallas and Fort Worth business-cycle indexes.

  April 26, 2022