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Southwest Economy Archive

Historical archive Southwest Economy, produced quarterly 1988–2022, includes a print edition for each issue.
  • Pia Orrenius, Ana Pranger, Madeline Zavodny and Oscar Parra

    Recently released data through 2019 show Texas remains a juggernaut, a leader for business relocations. And while figures covering the subsequent pandemic era and beyond are incomplete, anecdotal evidence suggests Texas remains a go-to spot.
  • Texas National Bank President Joe Quiroga, a lifelong resident of the Lower Rio Grande Valley area and Dallas Fed director, discusses the area’s rapid growth and its future prospects.
  • Luis Torres and Prithvi Kalkunte

    Even with Texas employment growing rapidly and jobless rates remaining low in 2023, mass layoffs may be heading higher, according to notices of pending workforce reductions filed with state officials.
  • Economist Jeffrey Fuhrer, a nonresident fellow at the Brookings Institution and former Boston Fed director of research, discusses the nation’s income and wealth gaps and offers proposals to close them. Fuhrer’s recently published book, “The Myth that Made Us,” explores inequalities in the nation’s economic system.
  • University of Chicago Booth School associate professor Michael Weber explains how audiences are especially receptive to monetary policy messaging delivered by Fed officials whose ethnic or gender background is similar to theirs and outlines the broader implications of such enhanced credibility.
  • Ana Pranger and Yichen Su

    With workers still grappling with the consequences of automation, the lightning-speed pace of artificial intelligence (AI) development poses fresh concerns of a new wave of worker displacement.
  • Jesse Thompson and Keighton Hines

    Lore and data have historically suggested that Texas is unlike any other place. Over the past 40 years, change has swept the state. Texas’ employment composition has increasingly come to resemble the entirety of the U.S., more so than even California or New York. But Texas economic output is another story.
  • Jesus Cañas and Ana Pranger

    Remittances from the U.S. to Mexico reached a record $55.9 billion in 2022. Strong employment in the U.S. construction sector—a leading employer of Mexican migrants—best explains the recent growth of remittances to Mexico.
  • Aparna Jayashankar, Prithvi Kalkunte, Anil Kumar and Pia Orrenius

    As climate change intensifies over the next decade, summer heat waves will likely become more common and severe. The effect on Texas GDP growth is likely to be twice as pronounced as in the rest of the U.S. Meanwhile, the effect on job growth will likely be relatively subdued but vary widely across sectors.
  • Ben Munyan, director of supervisory policy in the Banking Supervision Department at the Federal Reserve Bank of Dallas, discusses the challenges the banking industry faces in an era of rapidly rising interest rates and how Texas institutions have fared.

Southwest Economy has been published since 1988 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.