A comprehensive list of recently added postings on Dallasfed.org.
Optimal Second-best Menu Design: Evidence from Residential Electricity Plans
Utilities increasingly sell electricity using complex menus of time-constant and time-varying price schedules. This paper studies how to design such a menu to maximize social welfare in a second-best environment where the marginal private and external costs of generating electricity vary over time, institutional constraints prevent mandating time-varying pricing and consumer behavior is distorted by frictions.
August 5, 2026
The Effects of U.S. Public R&D on Global Growth
This paper provides the first causal estimates of the global social returns to U.S. public R&D.
August 4, 2026
El Paso Economic Indicators, June 2026
The El Paso economy continued to expand in the second quarter. Employment increased in the three months ending in June, while the unemployment rate rose. Retail sales tax collections decreased, and total trade volumes continued to grow.
August 4, 2026
How USMCA compliance cushioned the 2025 tariff shock
Despite regional sourcing and compliance costs, USMCA-based firms enjoy an edge over competitors outside North America facing higher U.S. tariffs.
August 4, 2026
Subnational Bilateral Remittance Flows in the U.S.-Mexico Corridor: A Multi-Source Imputation and Validation
This paper exploits bilateral remittance flows between U.S. and Mexican states during 2013–25 to construct and validate a multi-source origin–destination framework linking Banco de México’s U.S.-state outflows with Mexican state-level receipts.
August 3, 2026
Structural Estimation with Unstructured Data
Standard macroeconomic data do not cleanly separate the systematic and nonsystematic components of monetary policy. This paper shows that incorporating unstructured text data into the structural estimation of a DSGE model can sharpen this distinction.
July 31, 2026
Statement from President Lorie Logan on FOMC dissent
President Lorie Logan says inflation does not appear to be on course to sustainably achieve the Federal Open Market Committee’s 2 percent target.
July 31, 2026
Texas Economic Indicators, June 2026
The Texas economy expanded in June. Overall, employment grew in the state and across metros, yet unemployment ticked up. The July Texas Business Outlook Surveys showed continued rising input prices. Housing activity ticked up in June.
July 31, 2026
Is Houston’s decades-long growth spurt winding down?
Bill King, a fellow at Rice University’s Baker Institute who follows demographic trends, believes Houston’s sustained, rapid growth may be over. He discusses how the metro area may want to consider a future where new residents no longer strain public services.
July 31, 2026
Dallas Economic Indicators, July 2026
The Dallas economy rebounded in recent months. Employment increased in June while unemployment was unchanged. Hourly earnings declined but remained higher than the state and year-ago levels.
July 29, 2026