A comprehensive list of recently added postings on Dallasfed.org.
Permian Basin Economic Indicators
The Permian Basin economy remains robust, reaching highs in production, employment and home prices. However, there are signs of moderation.
November 21, 2018
Does a Big Bazooka Matter? Central Bank Balance-Sheet Policies and Exchange Rates
We estimate the effects of quantitative easing (QE) measures by the ECB and the Federal Reserve on the US dollar-euro exchange rate at frequencies and horizons relevant for policymakers.
November 20, 2018
San Antonio Economic Indicators
Growth in the San Antonio economy remained soft in October. The San Antonio Business-Cycle index accelerated, though growth continued to be below its long-term average.
November 20, 2018
Inflation and the Gig Economy: Have the Rise of Online Retailing and Self-Employment Disrupted the Phillips Curve?
By omitting important structural changes in both goods and labor markets, conventional Phillips Curve models have failed to track how the rise of online retailing has flattened the Phillips Curve and how the rise of the gig economy (self-employment) has lowered the natural rate of unemployment.
November 20, 2018
Dallas-Fort Worth Economic Indicators
Growth in Dallas-Fort Worth remained widespread and brisk, with the metro area adding 9,500 jobs. Unemployment fell, and the Dallas and Fort Worth business-cycle indexes posted solid and above-trend growth.
November 20, 2018
Mean Group Estimation in Presence of Weakly Cross-Correlated Estimators
This paper extends the mean group estimator for random coefficient panel data models by allowing the underlying individual estimators to be weakly cross-correlated.
November 19, 2018
Texas Economic Indicators
Texas economic growth remained healthy in October. The state added jobs at a strong pace, with the expansion widespread across metros and most industries.
November 19, 2018
Rationally Inattentive Consumer: An Experiment
This paper presents a laboratory experiment that directly tests the theoretical predictions of consumption choices under rational inattention.
November 19, 2018
Capital Accumulation and Dynamic Gains from Trade
We compute welfare gains from trade in a dynamic, multicountry model with capital accumulation and trade imbalances.
November 16, 2018
Texas Employment Forecast
Incorporating October employment growth of 2.7 percent, an upward revision of job growth in September and a slight decline in the leading index, the Texas Employment Forecast suggests jobs will grow 2.9 percent this year (December/December)
November 16, 2018