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Research Publications

Economic Letter

Economic Letter

Provides timely commentary on the important trends and policy issues shaping our rapidly globalizing, increasingly interconnected economy.

Southwest Economy

Southwest Economy

Contains articles about economic conditions and business development in Texas, New Mexico and Louisiana, including agriculture, banking, energy, high-tech, manufacturing and international trade in this region.

Agricultural Survey

Agricultural Survey

Surveys credit conditions facing farmers and provides data that reflect the overall health of the agricultural sector in the Eleventh District.

Annual Report

Annual Report

Contains a series of essays that explore economic issues as they relate to our increasingly globalized world. The reports also review the Bank's activities during the year, present financial statements and list directors and officers.

Crossroads

Crossroads

Economic insights from the El Paso Branch of the Dallas Fed, focusing on trade, energy, growth and other economic issues important to West Texas and New Mexico.

Working Papers

Research Department Working Papers

Working papers from the Dallas Fed Research Department are preliminary drafts circulated for professional comment. Selected papers are available online.

Working Papers

Globalization and Monetary Policy Institute Working Papers

Working papers from the Dallas Fed's Globalization and Monetary Policy Institute.

Current Analysis

Surveys of Business Activity »

The Dallas Fed conducts monthly surveys of over 300 Texas businesses in the manufacturing and service sectors. The data collected is a valuable component of regional economic analysis.

The Dallas Fed conducts a quarterly survey of Eleventh District agricultural bankers to assess current land values and credit conditions. This resource offers useful insights regarding the overall health of the agricultural sector.

Eleventh District Beige Book »

Summary of anecdotal information about recent economic conditions and trends in the Eleventh District.

Academic Research

Working Papers

Research Department Working Papers

Working papers from the Dallas Fed Research Department are preliminary drafts circulated for professional comment. Selected papers are available online.

Working Papers

Globalization and Monetary Policy Institute Working Papers

Working papers from the Dallas Fed's Globalization and Monetary Policy Institute.

Staff Papers

Staff Papers

In-depth analysis of current policy issues.

Academic Publications

Academic Publications

A list of articles published by members of the Dallas Fed Research staff.

Special Reports

Annual Report

After the Boom: Texas Economy Downshifts in Energy Bust

An in-depth look at the factors that contributed to the global oil price collapse and what comes next, including the outlooks for energy, banking, housing and jobs and wages. The report also examines the potential impact of the slowdown in China’s economy on the state’s growth.
April 2016

At the Heart of Texas

At the Heart of Texas: Cities' Industry Clusters Drive Growth

A comprehensive look at the industry clusters, history and demographics shaping eight of the state’s key metropolitan areas: Austin, Dallas, El Paso, Fort Worth, Houston, McAllen, Midland-Odessa and San Antonio.
February 2016

Gone to Texas

Gone to Texas: Immigration and the Transformation of the Texas Economy

Texas benefits from having a large, diversified immigrant population but also faces several challenges to ensure its continued economic advancement. This special report provides a comprehensive portrait of Texas immigrants and examines economic issues related to surging immigration to Texas.
November 2013

The Long-Awaited Housing Recovery

The Long-Awaited Housing Recovery

U.S. housing markets experienced a notable boom and a painful bust in the past decade. Most recently, housing began its long-awaited recovery—the subject of this three-part report.
January 2013

Financial Stability

Financial Stability: Traditional Banks Pave the Way

This report presents five essays on the theme of rethinking America’s banking system.
January 2013

Choosing the Road to Prosperity

Choosing the Road to Prosperity: Why We Must End Too Big to Fail—Now

The too-big-to-fail institutions that amplified and prolonged the recent financial crisis remain a hindrance to full economic recovery and to the very ideal of American capitalism. It is imperative that we break up the big banks.
March 2012

From Brawn to Brains

From Brawn to Brains: How Immigration Works for America

In the global economic competition for talented workers, the United States risks falling behind if immigration laws are not reformed and employment-based immigration is not expanded.
March 2011

Reflections on the Financial Crisis

Reflections on the Financial Crisis: Where Do We Go From Here?

Effective monetary policy hinges on the Federal Reserve retaining its bank regulatory role and its independence from political pressures
April 2010

The Financial Crisis

The Financial Crisis: Connecting the Dots

This report traces the origins of the financial crisis and the Fed's response, and addresses the need for long-term financial reform.
May 2009

The Face of Texas

The Face of Texas : Jobs, People, Business, Change

Series of eight articles detailing changes in demographics, employment and industry that affect the evolving Texas economy.
October 2005

Quantitative Aggregate Theory

Quantitative Aggregate Theory

Nobel Prize lecture by Finn E. Kydland, winner of the 2004 Memorial Prize in Economic Sciences.
2004

China

China: Awakening Giant

China is rapidly transforming itself into an industrial nation. This article charts China's progress over the past 25 years as this country of 1.3 billion begins to embrace market principles and flex its economic muscles.
September 2003

Science and Cents

Science & Cents: Exploring the Economics of Biotechnology

The recent rapid pace of discovery in life sciences raises a host of economic issues. These issues are addressed in papers presented at Dallas Fed conference on April 19, 2002.
September 2003

The Border Economy

The Border Economy

The Texas border community is a complex blend of U.S. and Mexican cultures, languages and customs, with a dynamic economy that flourishes amid the diversity. This series of nine articles explores issues important to the region's economy—from job growth and wages to infrastructure demands, maquiladoras and illegal immigration.
June 2001

China's Churn

China’s Churn

Market forces have come to China, unleashing the wave of change associated with economic progress that economist Joseph Schumpeter referred to as "the churn." This report relates how privately operated businesses, a return of entrepreneurial spirit and improved living standards for many of its citizens are spreading across China.
September 2000

Conference Proceedings

Migration, Trade, and Development

Migration, Trade, and Development

Proceedings from the Dallas Fed conference in 2006 that examine the various dimensions in which trade and migration affect economic development, whether individually or jointly, through economic or political forces.
December 2007

The Legacy of Milton and Rose Friedman

The Legacy of Milton and Rose Friedman’s Free to Choose:
Economic Liberalism at the Turn of the 21st Century

Proceedings of a conference sponsored by the Federal Reserve Bank of Dallas, October 2003.
December 2004

Science and Cents

Science & Cents: Exploring the Economics of Biotechnology

The recent rapid pace of discovery in life sciences raises a host of economic issues. These issues are addressed in papers presented at Dallas Fed conference on April 19, 2002.
September 2003

Archived Publications

These publications are no longer published by the Dallas Fed. Selected issues are available online.