A comprehensive list of recently added postings on Dallasfed.org.
Go Figure: If Texas were a country …
Texas is comparable to entire countries—and so are some of its urban areas.
December 22, 2022
A Broader Perspective on the Inflationary Effects of Energy Price Shocks
This paper develops a vector autoregressive model that quantifies the joint impact of shocks to several energy prices on headline and core CPI inflation.
December 21, 2022
Forecasting Inflation in Open Economies: What Can a NOEM Model Do?
This paper evaluates the forecasting ability when inflation is viewed as an inherently global phenomenon through the lens of the workhorse New Open Economy Macro (NOEM) model.
December 20, 2022
Blockchain technology aims to expand role of digital transactions on internet
While the resources devoted to blockchain technology development have increased dramatically the past few years, the technology’s ultimate success depends on whether blockchain protocols can interact with the current economic landscape and how that occurs.
December 20, 2022
A Theory of Gross and Net Capital Flows over the Global Financial Cycle
This paper develops a theory to account for changes in prices of risky and safe assets and gross and net capital flows over the global financial cycle.
December 19, 2022
The Contribution of Jump Signs and Activity to Forecasting Stock Price Volatility
This paper proposes a novel approach to decompose realized jump measures by type of activity (finite/infinite) and by sign.
December 17, 2022
Commodity Exports, Financial Frictions and International Spillovers
This paper offers a solution to the international co-movement puzzle found in open-economy macroeconomic models.
December 16, 2022
Texas Employment Forecast, Dec. 16
The Texas Employment Forecast indicates that jobs will increase 3.5 percent in 2022, with an 80 percent confidence band of 3.2 to 3.7 percent.
December 16, 2022
Mission-oriented banks in Texas and underserved businesses: lessons from the Paycheck Protection Program
Although it is too soon to have outcome data on the ECIP, we can still explore how useful expanding MDI and CDFI lending might be to underserved small firms by using data on loan access and forgiveness from its predecessor, the PPP.
December 16, 2022
Houston Economic Indicators
Houston has continued to add jobs at a strong pace, with leisure and hospitality leading growth and construction receding slightly in the last three months. Though mortgage rates remain high, home sales, new building permits and home price growth have started to level out.
December 6, 2022