A comprehensive list of recently added postings on Dallasfed.org.
An Information-Based Theory of Monopsony Power
This paper develops a tractable model of monopsony power based on information frictions in job search.
May 13, 2025
Rio Grande Valley Economic Indicators, First Quarter 2024
The Rio Grande Valley saw strong employment growth in the first quarter. Unemployment rose, and year-over-year wage increases were mixed. Cross-border trade fell off.
May 13, 2025
U.S. tariff outcomes dependent on trading partner responses
In Depth: U.S. tariff policy has historically shifted among competing goals: providing revenue, protecting domestic markets and opening foreign markets to domestic producers. These goals are unlikely to be achieved simultaneously.
May 13, 2025
Household Finance Shapes Political Participation: Evidence from Mortgage Refinancing
Using quasi-experimental variation from movements in mortgage rates and eligibility cutoffs in HARP, this paper shows that borrowers who refinanced between 2009 and 2012 were more likely to vote in the 2012 general election than otherwise similar borrowers who did not refinance.
May 12, 2025
The Conventional Impulse Response Prior in VAR Models with Sign Restrictions
Some studies have expressed concern that the Gaussian-inverse Wishart-Haar prior typically employed in estimating sign-identified VAR models may be unintentionally informative about the implied prior for the structural impulse responses. This paper discusses how this prior may be reported and makes explicit what impulse response priors a number of recently published studies specified, allowing the readers to decide whether they are comfortable with this prior.
May 9, 2025
In Abilene, Big Country success depends on small-town community
Abilene anchors a 19-county rural region dubbed “The Big Country” by early pioneers. Collaboration was a consistent theme in Dallas Fed President Lorie Logan's conversations with community and business leaders during a recent trip to the area.
May 9, 2025
Waco building on ‘Fixer Upper,’ Baylor notoriety to reinvent itself
Malcolm Duncan, whose tenure as Waco mayor coincided with the city’s emergence as a destination and area economic hub, discusses how the city has changed and where its future fortunes and challenges lie.
May 9, 2025
Southern New Mexico Economic Indicators, Q1 2025
Southern New Mexico’s economy grew robustly through April, exceeding both the state and the nation. Employment expanded at a stronger pace than the state and nation, while the unemployment rate ticked down to 4.3 percent in March.
May 7, 2025
DFW Economic Indicators, March 2025
The Dallas−Fort Worth economy expanded in March. Employment grew across most sectors, and average earnings picked up.
May 6, 2025
Austin Economic Indicators, May 2025
Austin employment rose in March, paired with a stable unemployment rate, and wages increased. Suburban office vacancies increased in the first quarter, while downtown office vacancies declined.
May 6, 2025