A comprehensive list of recently added postings on Dallasfed.org.
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
San Antonio Economic Indicators, Nov. 2024
San Antonio payrolls grew in October. Wages fell, and retail sales tax revenue decreased slightly. Office vacancy remained elevated in the third quarter.
November 26, 2024
Texas service sector activity growth picks up slightly; outlooks improve
Texas service sector activity expanded at a slightly faster pace in November than the prior month, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, increased to 10.9.
November 26, 2024
More household savings offset increased government borrowing since 2008
Large government budget deficits over the past 15 years have led to a large increase in the stock of government debt. But these government deficits have been matched by an increase in U.S. household savings.
November 26, 2024
Texas manufacturing activity holds steady in November, outlooks improve
Texas factory activity was flat in November, according to business executives responding to the Texas Manufacturing Outlook Survey.
November 25, 2024
El Paso educator promotes student career gateway via community colleges
William Serrata, president of the El Paso County Community College District, discusses the unique, postpandemic challenges that community colleges face.
November 22, 2024
Texas Economic Indicators, November 2024
The Texas economy softened in September. Employment fell while unemployment was flat. The October Texas Business Outlook Surveys headline indexes show expansion in both the manufacturing and services sectors.
November 21, 2024
Permian Basin Economic Indicators, 3Q 2024
Employment in the Permian Basin region contracted in the third quarter. The unemployment rate and average hourly earnings ticked down slightly in September.
November 21, 2024
Audit Partners and Loan Loss Provisioning: Evidence from U.S. Bank Holding Companies
Using confidential data on audit partner names from 2006 to 2019 for bank holding companies (BHCs), this paper examines partners' impact on loan loss provisioning.
November 20, 2024