A comprehensive list of recently added postings on Dallasfed.org.
State and local governments rake in surpluses after pandemic
The existence of large sums in state and local government coffers runs counter to historic post-recession trends. State and local governments usually grapple with budget shortfalls due to rising social program demands and weak revenue streams following recessions.
December 19, 2023
Offshore Dollar Funding Shocks and the Dollar Exchange Rate
This paper proposes a model with limited CIP and UIP arbitrage where the CIP deviation and exchange rate are jointly determined by equilibrium in the swap and spot FX markets.
December 15, 2023
WARN layoff notices signal easing Texas labor market
Even with Texas employment growing rapidly and jobless rates remaining low in 2023, mass layoffs may be heading higher, according to notices of pending workforce reductions filed with state officials.
December 15, 2023
Widening gap between rich and poor poses challenge to U.S.
Economist Jeffrey Fuhrer, a nonresident fellow at the Brookings Institution and former Boston Fed director of research, discusses the nation’s income and wealth gaps and offers proposals to close them. Fuhrer’s recently published book, “The Myth that Made Us,” explores inequalities in the nation’s economic system.
December 13, 2023
Remarks before the Market Risk Advisory Committee of the U.S. Commodity Futures Trading Commission
Remarks by Sam Schulhofer-Wohl at the Market Risk Advisory Committee of the U.S. Commodity Futures Trading Commission.
December 11, 2023
Austin Economic Indicators, December 2023
In October, Austin experienced flat employment growth, wages increased slightly, and unemployment remained steady. In contrast, housing permits increased, and home prices declined.
December 6, 2023
Houston Economic Indicators, December 2023
Houston employment was stronger than anticipated in October, as the latest early benchmark revision put employment growth at 3.0 percent in the 12 months ending in October 2023. Leisure and hospitality, government and information led growth, while professional and business services and construction showed declines from July to October.
December 6, 2023
Fed credibility enhanced when public finds policymakers relatable
University of Chicago Booth School associate professor Michael Weber explains how audiences are especially receptive to monetary policy messaging delivered by Fed officials whose ethnic or gender background is similar to theirs and outlines the broader implications of such enhanced credibility.
December 6, 2023
Dallas-Fort Worth Economic Indicators, November 2023
The Dallas–Fort Worth economy slowed in October. Payroll employment fell, while unemployment was little changed.
December 1, 2023
Lubbock looks for new growth
Dallas Fed President Lorie Logan's 360° Listening Tour is taking her to communities all around the Eleventh Federal Reserve District to deepen her understanding of the region’s people and economy.
December 1, 2023