A comprehensive list of recently added postings on Dallasfed.org.
Energy Indicators
Energy sector stock market returns outperformed the S&P 500 this year despite some easing over the summer. Refiner stocks lagged behind, but U.S. refiners have been processing more oil than at any point since the start of the pandemic amid recovering demand.
August 16, 2021
Wage Setting Under Targeted Search
This paper proposes a parsimonious search and matching model with two-sided heterogeneity, where the choice of wage-setting protocol, wages, search intensity and degree of randomness in matching are endogenous.
August 12, 2021
Don’t Look to the 2013 Tantrum for the Effect of Tapering on Emerging Markets
Many emerging markets have improved their external balance sheets since the volatility evidenced during the "taper tantrum" of 2013 and would be much less vulnerable to Federal Reserve tapering today.
August 10, 2021
Austin Economic Indicators
The Austin economy continued to post a strong performance in June. The Austin Business-Cycle Index accelerated, led by declines in the unemployment rate and recent broad-based job gains.
August 6, 2021
Mexico’s economic growth improves in second quarter
The latest data available show employment, industrial production, exports and retail sales grew. The peso/U.S. dollar exchange rate and inflation held steady in June.
August 6, 2021
Houston Economic Indicators
Overall, the outlook remains positive, but potential risks near term from the pandemic are increasing rapidly.
August 5, 2021
Dallas-Fort Worth Economic Indicators, August 2021
DFW economic recovery continued in June. Job growth was mixed, with payrolls contracting in the goods sector.
August 5, 2021
Texas economy strongly expands despite supply-chain disruptions, hiring challenges
There has been strong upward pressure on prices and wages, though there were some signs of abatement in July. The hot housing market continued to push up apartment rents, housing prices and construction.
August 5, 2021
Spanish-Speaking Growth in Texas Reinforces Need to Close Education Gaps
The Eleventh Federal Reserve District has the second-largest native Spanish-language population in the Federal Reserve System. That population will grow further as the number of Hispanics exceeds 20 million in Texas alone by 2050.
August 3, 2021
Household Inflation Expectations and Consumer Spending: Evidence from Panel Data
Recent research offers mixed results concerning the relationship between inflation expectations and consumption, using qualitative measures of readiness to spend. We revisit this question using survey panel data of actual spending from the U.S. between 2009 and 2012 that also allows us to control for household heterogeneity.
August 3, 2021