A comprehensive list of recently added postings on Dallasfed.org.
Nonparametric Local Projections
This paper studies the properties of an alternative nonparametric local projection estimator of the conditional and unconditional responses of an outcome variable to an observed identified shock.
November 20, 2024
Labor Market Effects of Worker- and Employer-Targeted Immigration Enforcement
This paper finds that immigration enforcement at the worksite is more effective when targeting the employer, such as conducting an audit, than when targeting the workers, such as in a raid.
November 19, 2024
Individuals, married couples respond differently to U.S. income tax changes
Changes in effective income taxes can impact labor supply with different outcomes for married couples and singles, and changes can have a particularly notable impact on married women.
November 19, 2024
Bankers’ outlooks push more optimistic
Loan volume and loan price declines continued in November, as did credit tightening, with the pace of change similar to six weeks ago.
November 18, 2024
Texas Employment Forecast, Nov 15
The Texas Employment Forecast estimates jobs will increase 2.2 percent in 2024, with an 80 percent confidence band of 2.0 to 2.4 percent.
November 15, 2024
Rio Grande Valley Economic Indicators, Third Quarter 2024
The Rio Grande Valley saw solid and broad-based employment growth in the third quarter. Unemployment was relatively flat, and wages rose at a rapid clip.
November 14, 2024
Texas overcomes mid-summer doldrums as economic prospects improve
Economic expansion in Texas accelerated during September and October, pointing toward an improving regional economy after summer weakness.
November 14, 2024
Navigating in shallow waters: Monetary policy strategy in a better-balanced economy
After a voyage through rough waters, the shore is in sight: the FOMC’s Congressionally mandated goals of maximum employment and stable prices. But the ship hasn't tied up yet, and risks remain that could push the economy back out to sea or slam it into the dock too hard.
November 13, 2024
Blame higher U.S. equity prices for recent moves in U.S. external liabilities
The U.S. net foreign asset position—the value of foreign assets held by U.S. residents minus the value of U.S. assets held by foreign residents—has fallen sharply since the 2008 Global Financial Crisis.
November 12, 2024
Monetary Policy Interactions: The Policy Rate, Asset Purchases and Optimal Policy with an Interest Rate Peg
This paper studies monetary policy in a New Keynesian model with a variable credit spread and scope for central bank asset purchases to matter.
November 9, 2024