A comprehensive list of recently added postings on Dallasfed.org.
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
Austin Economic Indicators, April 2023
Austin’s economy showed signs of cooling in February as unemployment ticked up, layoffs rose and employment sectors broadly declined.
April 6, 2023
Houston Economic Indicators, April 2023
Houston’s service sector posted strong growth from December 2022 to February 2023, while the goods sector showed signs of slowing. Home prices, sales and inventories pointed to some cooling in the Houston housing market.
April 6, 2023
Young adults are disconnected from work and school due to long-term labor force trends
The sharp rise during the pandemic in young people who are neither in school nor working—often referred to as “opportunity youth”—is the exacerbation of a problem that has gradually worsened in the past two decades.
April 6, 2023