A comprehensive list of recently added postings on Dallasfed.org.
The Returns to Government R&D: Evidence from U.S. Appropriations Shocks
Based on a narrative classification of all significant postwar changes in R&D appropriations for five major federal agencies, this paper finds that an increase in nondefense R&D appropriations leads to increases in various measures of innovative activity and higher business-sector productivity in the long run.
May 18, 2023
Remarks on liquidity provision and on the economic outlook and monetary policy
Dallas Fed President Lorie Logan delivered these remarks to the Texas Bankers Association in San Antonio, Texas, on May 18, 2023.
May 18, 2023
Energy Indicators, April 26
In a surprise move at the beginning of the month, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced a voluntary reduction in production quotas of nearly 1.7 million barrels per day (mb/d).
May 17, 2023
Recent growth of professional services jobs favors select Texas counties
Professional services jobs have grown faster in Texas than in the U.S. since 2020, partly because of business relocations to the state. This expansion has been highly geographically clustered, with 10 of Texas’ 254 counties accounting for more than 92 percent of the statewide growth.
May 16, 2023
Southern New Mexico Economic Indicators, Q1 2023
Southern New Mexico’s economy slowed on many fronts during the fourth quarter. Employment, home listings, cross-border trade and the rig count dropped. However, unemployment continued to decline.
May 15, 2023
Banking Conditions Survey, April 2023
Loan demand declined for the sixth period in a row amid further loan pricing increases and worsening general business activity.
May 15, 2023
Texas economic expansion slows; business outlooks weaken
The Texas economy’s modest expansion appears to be slowing despite having some pockets of strength.
May 11, 2023
Global energy producer Midland–Odessa seeks economic stability, end to boom-and-bust
In the fifth stop on her 360° in 365 Listening Tour, Dallas Fed President Lorie K. Logan met with Midland–Odessa business and community leaders in mid-April to learn about the area’s strengths, challenges and outlook.
May 9, 2023
A Theory of Net Capital Flows over the Global Financial Cycle
This paper develops a theory to account for changes in net capital flows of safe and risky assets over the global financial cycle.
May 5, 2023
PCE inflation update
The headline, or all-items, PCE price index rose an annualized0.9 percent in March after increasing an annualized 3.7 percent in February.
May 5, 2023