A comprehensive list of recently added postings on Dallasfed.org.
Mexico nearshoring yet to yield big investment despite global trade tensions
The resulting reality surrounding nearshoring’s impact on Mexico’s economy is nuanced. While Mexico has made gains, many of them stem from trade diversion rather than large-scale foreign capital relocation.
December 5, 2024
La relocalización de producción hacia México aún no impulsa una gran inversión a pesar de las tensiones comerciales globales
Los resultados del impacto del nearshoring en la economía mexicana son complejos. Si bien México ha logrado beneficiarse, mucho de esto se deriva de la desviación comercial más que de una relocalización a gran escala de capital extranjero.
December 5, 2024
Eleventh District Beige Book, Dec. 4, 2024
The Eleventh District economy expanded moderately over the reporting period. Growth continued in nonfinancial services and resumed in manufacturing and retail.
December 4, 2024
New Mexico draws on energy, trade to spur economy
While New Mexico continues to navigate economic and demographic challenges, increased revenues from oil and gas production provide opportunities to invest in education, infrastructure and other improvements to boost long-term growth.
December 4, 2024
Houston Economic Indicators, Dec. 2024
Payrolls in Houston expanded strongly from July through October, while unemployment in the metro area ticked up from September to October. Inflation in food and shelter continued to fall in October; however, core inflation ticked up.
December 3, 2024
Rising unemployment doesn’t counter signs of strong GDP growth
Real (inflation-adjusted) GDP grew strongly during the second and third quarters of 2024, increasing at an annualized pace of 2.9 percent. Yet, the unemployment rate also rose 0.4 percentage points, an unusually large amount except during recessions.
December 3, 2024
El Paso Economic Indicators, Nov. 2024
Employment expanded in El Paso in October, though the unemployment rate ticked up. Wages rose but were down year over year.
November 27, 2024
DFW Economic Indicators, November 2024
The Dallas−Fort Worth economy softened in October. Employment was flat. Hourly earnings and retail sales tax collections fell. Existing-home sales picked up, and months of supply also ticked upward.
November 27, 2024
Real Exchange Rates and the Global Financial Cycle
This paper looks at the effect of fluctuations in the global financial cycle on real exchange rates.
November 26, 2024
The Problem of Quality Change in Historical Price Statistics: An Illustrative Example Using Baedeker Travel Guides
This paper uses a novel dataset on the prices of the travel guidebooks published by the German publishing house Baedeker between 1832 and 1944 to construct a hedonic price index for guidebooks. Comparing these indexes to the list prices of these guidebooks, the paper shows that the failure to adjust for improvements in the quality of the guidebooks over time imparts a substantial upward bias to measured inflation.
November 26, 2024