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Southwest Economy, Third Quarter 2021

Third Quarter 2021

Once-Oil-Dependent Texas Economy to Keep Growing as Renewable Energy Expands

The negative environmental impacts of global warming have motivated the beginnings of a global transition from traditional fossil fuels to renewable energy.

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Federal Support Keeps State Budgets (Including Texas’) Healthy amid Tumult from COVID-19-Induced Economic Ills

An unprecedented federal fiscal response to the COVID-19-induced recession in early 2020 helped prop up state government finances even among states whose tax and finance structures put them at particular risk during a downturn.

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Technology Displaced Workers in Pandemic; Retraining Must Expand

Tamar Jacoby, president of Opportunity America, discusses the pandemic, worker mobility and job training.

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Go Figure: Birth Rates Falling Faster in Texas than U.S.

Although birth rates in Texas remain higher than in the U.S., their decline since 2007 has been particularly noteworthy.

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President’s Perspective

President Kaplan shares recent thoughts on excesses and imbalances, asset purchases and the federal funds rate, and supply/demand imbalances.

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Spotlight: Missteps Along U.S.–Mexico Border Hinder Movement of COVID-19 Biomedical Trade

While most activity in the Paso del Norte region is concentrated in automotive parts and electronic components, a cluster of biomedical manufacturers has emerged in Juárez in recent years.

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Snapshot: U.S. Recessions Test Latino Advances

Economic outcomes of Latinos are far more sensitive to the business cycle than are outcomes for non-Hispanic whites.

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Authors

Christopher Slijk

Keith R. Phillips

Jason Saving

Olu Eseyin

James Lee

Pia Orrenius

Ana Pranger

Keighton Hines

Roberto Coronado

Southwest Economy is published quarterly by the Federal Reserve Bank of Dallas. The views expressed are those of the authors and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System.

Articles may be reprinted on the condition that the source is credited to the Federal Reserve Bank of Dallas.

Visit dallasfed.org/research/swe to read the full publication. The podcast is available at dallasfed.org/research/swe/podcast.