Dallas Fed Economics Archive

• January 3, 2023
  Decentralized finance proposed as alternative to traditional financial services

  Alessio Saretto

  DeFi applications allow users to directly interact with each other to borrow, lend, insure and exchange digital assets without centralized intermediaries, such as banks and custodial exchanges.
• December 27, 2022
  Existing low-rate mortgages blunt impact of recent rate surge

  Xiaoqing Zhou

  The prevalence of low-rate mortgages suggests that future policy rate cuts may not as effectively stimulate household spending through refinancing as during past recessions.
• December 23, 2022
  Expanded central clearing would increase Treasury market resilience

  Matthew McCormick and Sam Schulhofer-Wohl

  The smooth functioning of markets for Treasury securities is critically important to the U.S. economy. The federal government relies on the sale of Treasuries to finance essential services, and the Federal Reserve uses Treasury markets to implement monetary policy.
• December 22, 2022
  Economic outlook weakens as job growth, inflation slow

  Luis Torres, Aparna Jayashankar and Prithvi Kalkunte

  The Texas economy is continuing to slow during the fourth quarter, with labor demand and manufacturing output softening and wage and price pressures easing.
• December 20, 2022
  Blockchain technology aims to expand role of digital transactions on internet

  Alessio Saretto

  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 1, 2022
  Diversified San Antonio confronts economic divide among youth

  Pia Orrenius and Luis Torres

  Dallas Fed President Lorie K. Logan met with San Antonio business and community leaders in mid-October in the third stop on her 360° in 365 Listening Tour.
• November 29, 2022
  Migration to Texas Fills Critical Gaps in Workforce, Human Capital

  Diego Morales-Burnett, Pia Orrenius and Madeline Zavodny

  Continuing to retain working-age Texans and attract new ones from around the country and abroad is vital to maintaining the state’s workforce—its human capital—as baby boomers retire and birth rates decline.
• November 22, 2022
  Does employers’ worker poaching explain the Beveridge curve’s odd behavior?

  Anton Cheremukhin

  Increased worker job-hopping may help explain the odd-shaped post-COVID Beveridge curve and the underlying employment behavior it depicts.
• November 15, 2022
  Skimming U.S. housing froth a delicate, daunting task

  Enrique Martínez García

  U.S. house prices appreciated a remarkable 94.5 percent from first quarter 2013 to second quarter 2022—a 60.8 percent rise after adjusting for inflation.
• November 10, 2022
  El Paso aims to end brain drain with global manufacturing, higher-paying jobs

  Luis Torres and Keighton Hines

  Dallas Fed President Lorie K. Logan met with El Paso business and community leaders in mid-October in the second stop on her 360° in 365 Listening Tour.