A comprehensive list of recently added postings on Dallasfed.org.
Permian Basin Economic Indicators, June 2017
In April, the Permian Basin labor market remained stable with a declining unemployment rate. Average weekly wages fell in the Permian Basin and the state in fourth quarter 2016.
June 14, 2017
Estimating the Natural Rate of Interest in an Open Economy
The concept of the natural or equilibrium rate of interest has attracted a lot of attention from monetary policymakers in recent years. Most attempts to estimate the natural rate use a closed economy framework. We argue that in the face of greater integration of global product and capital markets, an open economy framework is more appropriate.
June 14, 2017
Measuring the World Natural Rate of Interest
This paper makes the first attempt to estimate the time-varying natural rate jointly with the output gap and trend potential output growth for the world as a whole using a simple unobserved components model broadly following the methodology developed by Laubach and Williams (2003).
June 14, 2017
Austin Economic Indicators, June 2017
The Austin economy continued to see steady growth in April. The Austin Business-Cycle Index grew near its long-term average as jobs increased modestly and the unemployment rate declined.
June 1, 2017
Houston Economic Indicators, May 2017
Data were positive for Houston in April. The business-cycle index continues to signal a modest expansion is underway.
May 31, 2017
PCE Inflation Update, April 2017
The headline, or all-items, PCE price index rose at a 2.3 percent annualized rate in April after falling at a 2.7 percent annualized rate in March. The price index for PCE excluding food and energy rose at a 1.8 percent.
May 30, 2017
Financial Globalisation, Monetary Policy Spillovers and Macro-modelling: Tales from 1001 Shocks
Financial globalisation and spillovers have gained immense prominence over the last two decades. Yet, powerful cross-border financial spillover channels have not become a standard element of structural monetary models.
May 30, 2017
San Antonio Economic Indicators, May 2017
Growth in the San Antonio economy continued at a healthy pace in April. Jobs increased robustly, while the unemployment rate declined even as the labor force continued to expand.
May 25, 2017
El Paso Economic Indicators, May 2017
El Paso economic activity continues to expand, partially driven by the health care industry and by strong maquiladora activity in Ciudad Juárez.
May 24, 2017
DFW Economic Indicators, May 2017
The Dallas–Fort Worth economy grew modestly in April. While still positive, the Dallas and Fort Worth business-cycle indexes decelerated during the month, with growth falling below their long-term averages.
May 23, 2017