A comprehensive list of recently added postings on Dallasfed.org.
Mexico, U.S. and China offer an evolving ‘triangular’ trade relationship
Enrique Dussel Peters, a professor at the Graduate School of Economics at the Universidad Nacional Autonóma de México and coordinator of the university’s Center for Chinese–Mexican Studies, discusses trade flows between the U.S., Mexico and China and their prospects.
March 3, 2025
Permian Basin Economic Indicators, Q4 2024
Employment in the Permian Basin region grew in the fourth quarter. The unemployment rate decreased slightly, while average hourly earnings rose in December.
March 3, 2025
Southern New Mexico Economic Indicators, Q4 2024
Economic indicators were mixed in Las Cruces in fourth quarter 2024 after a slow third quarter. Employment grew solidly; however, unemployment rose.
February 28, 2025
Impulse Response Diagnostics for Priors on Parameters in Structural Vector Autoregressions
This paper proposes verifying that the prior distribution of impulse responses in structural VAR models is not unintentionally informative and discusses diagnostic tools to help practitioners ensure their priors do not unduly influence their reported conclusions.
February 25, 2025
Growth in Texas service sector activity continues despite surge in uncertainty
Texas service sector activity increased in February, according to business executives responding to the Texas Service Sector Outlook Survey.
February 25, 2025
Evidence suggests U.S. house price/rent ratio, real home prices to decline
The ratio of house prices to rents in the U.S. has risen 20 percent since first quarter 2020, coinciding with the beginning of the pandemic. The ratio is near its previous high in 2006. The future course of inflation may well be influenced by how this now-lofty ratio reverts to a more usual level.
February 25, 2025
Efficient and effective central bank balance sheets
At a Bank of England conference on central bank balance sheets, President Lorie Logan laid out two key principles: efficient and effective. It’s heartening that central banks around the world have converged on some approaches to uphold these twin principles.
February 25, 2025
Texas manufacturing activity falters amid increased uncertainty
Texas factory activity fell in February after rising notably in January, according to business executives responding to the Texas Manufacturing Outlook Survey.
February 24, 2025
Proportionate margining for repo transactions
Traders in the repurchase agreement (repo) market protect themselves from the default of their counterparties through margin collected via haircuts on repo transactions. Recent research showing that haircuts on many Treasury repo transactions are low or zero has raised concerns that margining practices in this market are insufficiently strict.
February 21, 2025
Energy Indicators, February 2025
Natural gas liquids production increased in 2024 as did exports. The number of U.S. chemical railcar loadings remained flat compared to last year. Intermediate chemical prices have risen in recent months, while chemical export numbers, adjusted for inflation, are on the decline.
February 20, 2025