Dallas Fed recent additions
A comprehensive list of recently added postings on Dallasfed.org.
Banking Conditions Survey
Respondents in the Eleventh District financial sector were given an opportunity to comment on current issues that may be affecting their business.
May 17, 2021
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
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
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
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
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 7, 2021
Mexico's 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 6, 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 6, 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 6, 2021