A comprehensive list of recently added postings on Dallasfed.org.
Texas’ cheap housing edge slipping away as resilient demand outpaces supply
Housing affordability has declined in Texas, a top destination for domestic and international migrants drawn by its historically low cost of living.
April 21, 2023
Estimating Macroeconomic News and Surprise Shocks
This paper examines the ability of the state-of-the-art VAR approach in Kurmann and Sims (2021) to identify responses to TFP news shocks and possibly surprise shocks in theory and practice.
April 20, 2023
Welcoming remarks at Fed Listens: Transitioning to the postpandemic economy in the Permian Basin
Dallas Fed President Lorie Logan delivered these remarks at Odessa College in Odessa, Texas.
April 20, 2023
Debt Maturity and Commitment to Firm Policies
When firms can trade debt only at discrete dates, debt maturity becomes an effective tool to discipline investment and debt policies.
April 19, 2023
Eleventh District Beige Book
The Eleventh District economy continued to expand modestly. Manufacturing output rose slightly following a mild contraction in the previous period.
April 19, 2023
State-Dependent Local Projections
Do state-dependent local projections asymptotically recover the population responses of macroeconomic aggregates to structural shocks? The answer to this question depends on how the state of the economy is determined and on the magnitude of the shocks.
April 19, 2023
Mexico awaits ‘nearshoring’ shift as China boosts its direct investment
When it comes to trading goods with the United States, Mexico would appear a logical sourcing alternative to China. Before the pandemic, increasing friction between the U.S. and China—the top supplier of goods imports to the U.S. in 2019—contributed to an anticipated “nearshoring” shift among companies dependent on Asia.
April 14, 2023
Revisiting the Great Ratios Hypothesis
Using a new system pooled mean group estimator and a dataset spanning almost one and a half centuries and 17 countries, this paper finds support for five out of the seven great ratios considered.
April 14, 2023
Energy Indicators, April 12
The prices of many global energy products have come down since the start of the year. Global refined crude throughput has increased in the past year and is expected to continue to rise.
April 12, 2023
COVID-era eviction moratoriums improved financial well-being … while they lasted
This analysis leverages new eviction and credit data from Dallas County, Texas, to explore the impact of the moratoriums and to examine trends that surfaced once the moratoriums ended.
April 11, 2023