A comprehensive list of recently added postings on Dallasfed.org.
Energy Indicators
Energy prices have been dropping since summer as softening economic data and warmer-than-normal weather lowered demand expectations.
January 19, 2023
Tax, transfer programs explain why Western Europeans work less than Americans
Western Europe differs from the United States not only in consumption tax, income tax and social security systems but also in the total factor productivity—a measure of productivity—for market production in which most European countries are low.
January 19, 2023
The U.S. economic outlook and monetary policy
Dallas Fed President Lorie Logan delivered this address on Jan. 18, 2023, at The University of Texas at Austin McCombs School of Business as part of her 360° in 365 Listening Tour of the Eleventh Federal Reserve District.
January 18, 2023
Eleventh District Beige Book
Modest economic growth continued, with an acceleration in the manufacturing sector but an abatement in the service sector. Retail sales and home sales fell further, while oil and gas activity expanded.
January 18, 2023
Texas electrical grid remains vulnerable to extreme weather events
New regulations, weatherization standards and operational changes have addressed many shortcomings, but some critical gaps persist.
January 17, 2023
Dallas-Fort Worth Economic Indicators
Dallas–Fort Worth’s economy expanded in November. Payroll employment grew broadly. Unemployment dipped, and the Dallas and Fort Worth business-cycle indexes expanded.
January 11, 2023
High inflation disproportionately hurts low-income households
Household survey results do not support Nobel laureate economist Paul Krugman's recent suggestion that low-income families “have actually been hurt less by inflation than families with higher incomes.”
January 10, 2023
Houston Economic Indicators
Houston has continued to add jobs at a strong pace, with leisure and hospitality leading growth and construction receding slightly in the last three months. Though mortgage rates remain high, home sales, new building permits and home price growth have started to level out.
January 9, 2023
Heterogeneity in the Pass-Through from Oil to Gasoline Prices: A New Instrument for Estimating the Price Elasticity of Gasoline Demand
This paper proposes a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences across U.S. states in the pass-through of oil price shocks to retail gasoline prices.
January 6, 2023
San Antonio Economic Indicators
The San Antonio economy continued to expand in November as nearly all sectors experienced employment gains, and the business-cycle index increased.
January 6, 2023