A comprehensive list of recently added postings on Dallasfed.org.
Eleventh District Beige Book
The Eleventh District economy expanded slightly over the reporting period. Activity grew in the nonfinancial services, finance, and energy sectors. Manufacturing output was flat, while retail sales and home sales declined.
July 17, 2024
Unequal Climate Policy in an Unequal World
This paper studies climate policy in an economy with heterogeneous households, two types of goods (clean and dirty), and a climate externality from the dirty good.
July 16, 2024
Diversity, equity and inclusion
The Dallas Fed is committed to building a strong economy that creates opportunity for the people of our district. We embrace diversity, promote equity and advance inclusion in the work that we do.
July 16, 2024
Running the economy hotter for longer could steepen Phillips curve
In the short run, running the economy hot—with output growth above potential—comes with the cost of additional inflation. But policymakers cannot exploit this relationship forever because inflation expectations won’t remain anchored, as the public comes to expect a higher level of inflation for any given level of output.
July 16, 2024
Advance Together
Advance Together™ accelerates the progress of community partnerships in Texas that are addressing education and workforce challenges.
July 10, 2024
Houston Economic Indicators
Houston’s labor market growth was broad based in May 2024, but slowdowns in top sectors weighed on growth. Employment growth in the metro area is in-line with the nation, and unemployment has been holding steady. Average hourly earnings in Houston ticked up slightly year over year.
July 10, 2024
Electricity providers hard pressed to keep up with growing tech-heavy demand
Dallas Fed economist Kunal Patel discusses the strains on the power grid, including those arising from Texas’ growing population, electrification of the economy, nearshoring and evolving technologies.
July 10, 2024
When Is the Use of Gaussian-inverse Wishart-Haar Priors Appropriate?
Several recent studies have expressed concern that the Haar prior typically employed in estimating sign-identified VAR models is driving the prior about the structural impulse responses and hence their posterior. This paper provides evidence that the quantitative importance of the Haar prior for posterior inference has been overstated.
July 9, 2024
No bull: Cattle prices reach record high, herd size lowest since 1950
The number of Texas cattle are at a multi-decade low at a time of strong demand and relatively high consumer prices. Dr. David Anderson, a Texas A&M University professor and extension economist, discusses with Dallas Fed economist Emily Kerr what’s driving the market, making even hamburger pricey.
July 9, 2024
Southwest Economy Podcast
Listen in as we dive deeper into selected topics from the Southwest Economy publication in this podcast series.
July 9, 2024