A comprehensive list of recently added postings on Dallasfed.org.
Energy financing trends consistent with renewables’ growth
Equity markets appear to favor renewable-energy producers relative to their hydrocarbon counterparts. However, the relatively smaller size of many renewables projects complicates direct comparisons of bank lending to hydrocarbon and renewable entities.
February 23, 2021
Get the Lowdown: The International Side of the Fall in the U.S. Natural Rate of Interest
This paper investigates the decline in the U.S. natural rate of interest since the 2007 – 09 global financial crisis through the lens of the workhorse two-country New Keynesian model.
February 20, 2021
Real-Time Population Survey (RPS)
The employment rate for working-age adults (18–64) was 68.6 percent in the RPS for the week of Feb. 7–13, unchanged from the estimate for the week of Jan. 10–16.
February 19, 2021
Systemic risks, interdependencies weigh on 2021 global outlook
The path of economic recovery from the COVID-19 recession remains far from clear. A fitful rollout of vaccines and governmental responses to new variants of the virus loom over a global growth rebound that private forecasters estimate at 5.5 percent for 2021.
February 16, 2021
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.
February 16, 2021
Hard-hit child care industry may need multisector response to revive and thrive
Millions of U.S. workers have lost their jobs during the pandemic. When they are ready to return to work, their child care options may be few.
February 11, 2021
Pandemic pushed the U.S. into recession … and hourly wages rose?
The onset of COVID-19 in spring 2020 prompted an unprecedented rapid rise in the unemployment rate. However, a popular and widely cited wage measure—average hourly earnings (AHE)—rose sharply as the health crisis grew.
February 9, 2021
In No Uncertain Terms: The Effect of Uncertainty on Credit Frictions and Monetary Policy
We examine the interaction of uncertainty and credit frictions in a New Keynesian framework. The model considers credit frictions arising from costly-state verification in the provision of loans to fund the acquisition of capital by entrepreneurs and includes three types of time-varying stochastic volatility shocks related to monetary policy uncertainty, financial risk (micro-uncertainty) and macro-uncertainty.
February 9, 2021
Mexico’s economic growth slows in fourth quarter
The latest data available show industrial production, retail sales, exports and employment increased, while inflation fell. The peso was stable against the dollar in January.
February 8, 2021
Austin Economic Indicators
The Austin economy expanded in December as strong job growth and a lower unemployment rate boosted the Austin Business-Cycle Index.
February 4, 2021