A comprehensive list of recently added postings on Dallasfed.org.
Global Perspectives: Mike Leavitt on health care costs and higher education
The U.S. health care system is uniquely innovative, but it is also arguably uniquely inefficient. Health outcomes in the U.S.—whether measured in terms of simple metrics such as life expectancy or more sophisticated ones such as quality-adjusted life years—do not seem commensurate with health care expenditures.
April 23, 2019
Texas Employment Forecast
Incorporating March job growth of 2.2 percent and a third consecutive increase in the leading index, the Texas Employment Forecast suggests jobs will grow 1.8 percent this year (December/December), with an 80 percent confidence band of 0.6 to 3.0 percent.
April 19, 2019
Demographics and the Evolution of Global Imbalances
Using a dynamic, multicountry model I quantify the effect of demographic changes on trade imbalances across 28 countries since 1970.
April 19, 2019
Permian Basin Economic Indicators
Permian Basin natural gas prices are starting to bounce back after falling to record lows in early April, and the number of drilled but uncompleted wells is rising.
April 19, 2019
Capital Controls as Macro-prudential Policy in a Large Open Economy
This paper re-examines the case for capital controls in a large open economy, where domestic financial constraints may bind following a large negative shock.
April 19, 2019
Fed Listens Community Listening Session: Summary of Discussion
Speakers from nonprofits shared perspectives on economic conditions in South Dallas at a public event with Fed Vice Chairman Richard Clarida.
April 18, 2019
Global Perspectives: Janet Yellen on becoming an economist, being Fed chair and views on Fed independence
Janet Yellen holds a unique place in Federal Reserve history. It all began with a year as a humble Fed staff economist in 1977.
April 18, 2019
Global Drivers of Gross and Net Capital Flows
In this paper we jointly analyze global drivers of gross flows (outflows plus inflows) and net flows (outflows minus inflows) by estimating a latent factor model.
April 17, 2019
Estimation of Impulse Response Functions When Shocks are Observed at a Higher Frequency than Outcome Variables
This paper proposes mixed-frequency distributed-lag (MFDL) estimators of impulse response functions (IRFs) and uses the approach to estimate the daily pass-through of changes in crude oil prices observed at a daily frequency to U.S. gasoline consumer prices observed at a weekly frequency.
April 16, 2019
Beyond the Doomsday Economics of “Proof-of-Work” in Cryptocurrencies
This paper discusses the economics of how Bitcoin achieves data immutability, and thus payment finality, via costly computations, i.e., “proof-of-work.”
April 16, 2019