A comprehensive list of recently added postings on Dallasfed.org.
The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information
This paper considers the optimal degree of monetary-discretion when the central bank conducts policy based on its private information about the state of the economy and is unable to commit.
July 10, 2017
The Second Era of Globalization Is Not Yet Over: An Historical Perspective
The recent rise of populist anti-globalization political movements has led to concerns that the current wave of globalization that goes back to the 1870s may end in turmoil just like the first wave which ended after World War I.
July 10, 2017
Austin Economic Indicators, July 2017
Growth in the Austin economy remained soft in May. Following the release of updated retail sales and wage data, growth in the Austin Business-Cycle Index year to date was revised down and remained weak relative to the past several years.
July 6, 2017
PCE Inflation Update, May 2017
The headline, or all-items, PCE price index fell at a 0.8 percent annualized rate in May after rising at a 2.1 percent annualized rate in April.
June 30, 2017
El Paso Economic Indicators, June 2017
El Paso economic activity continues to expand. Solid growth in El Paso is being driven by the services industry and by strong maquiladora activity in Ciudad Juárez.
June 29, 2017
Oil and Gas Expansion Continues but Uncertainty Rises
Business activity increased in the second quarter, albeit at a slightly slower pace, according to oil and gas executives responding to the Dallas Fed Energy Survey.
June 28, 2017
Houston Economic Indicators, June 2017
May data were mixed for the Houston metro area. The business-cycle index continued to signal a moderate expansion. Labor market data indicated job growth, the energy sector improved significantly and low fuel prices helped consumers.
June 26, 2017
Fiscal Forward Guidance: A Case for Selective Transparency
Should the fiscal authority use forward guidance to reduce future policy uncertainty perceived by private agents? Using dynamic stochastic general equilibrium models, we examine the welfare effects of announcing future fiscal policy shocks.
June 23, 2017
San Antonio Economic Indicators, June 2017
The San Antonio economy grew moderately in May. Jobs increased at a subdued but positive pace, while the unemployment rate declined for a second month to its lowest point so far this year.
June 22, 2017
DFW Economic Indicators, June 2017
The Dallas–Fort Worth economy expanded in May, with payroll employment rising and growth in the Dallas and
Fort Worth business-cycle indexes accelerating during the month.
June 20, 2017