Entry, exit of firms amplify the business cycle
When new businesses are created, they generate new jobs. When unprofitable businesses close, employees lose their jobs. Given the connection between firm entry and exit and changes in employment, it is natural to ask how this entry and exit affects the broader business cycle.
July 14, 2020
Global Perspectives: Epidemiologists Robert Haley and Trish Perl on fighting COVID-19
Haley, Perl and Dallas Fed President Rob Kaplan discussed the ongoing pandemic, how best to contain it and prospects for a vaccine.
July 09, 2020
Policymakers’ response to COVID-19 can draw on Great Recession lessons
Central banks’ experience before and during the 2007–09 Great Recession suggests that they have ample tools to support the economy.
July 07, 2020
Southwest Economy, Second Quarter 2020
Small business hardships highlight relationship with lenders in COVID-19 era
The COVID-19 crisis has disrupted normal small business operations and will likely limit the ability of many enterprises to stay financially afloat.
June 23, 2020
Southwest Economy, Second Quarter 2020
COVID-19, oil price collapse dimming outlook for banks in 2020
Eleventh District banks face challenges from instability in the energy sector and economic fallout from the COVID-19 pandemic.
June 23, 2020
Southwest Economy, Second Quarter 2020
LiftFund’s microlending helps small businesses battle to survive COVID-19
Janie Barrera is the founding president and chief executive officer of San Antonio-based LiftFund. Created in 1994, LiftFund has one of the nation’s largest microlending portfolios. The nonprofit provides loans and management training to very small enterprises in Texas and seven other states.
June 23, 2020
Southwest Economy, Second Quarter 2020
COVID-19 tanks U.S. fuel consumption, prices
The effects of the pandemic, including working from home and reduced travel, dropped fuel consumption from mid-March to mid-April 2020.
June 23, 2020
COVID-19’s unprecedented impact alters U.S. labor market
A staggering 22.03 million initial claims for unemployment benefits were filed from mid-March to mid-April as the COVID-19 pandemic and ensuing stay-at-home policies took hold across the country.
June 23, 2020
Texas Jobs decline at historic pace from impact of COVID-19
The decrease affected all major metro areas, with the steepest drops coming in El Paso, Fort Worth and Austin, followed closely by Houston, San Antonio and Dallas.
June 18, 2020
Global Perspectives: Donald Kohn on Greenspan and Bernanke, the global financial crisis and the COVID-19 challenge
Kohn and Dallas Fed President Rob Kaplan discussed Kohn’s career at the Fed, his experience during the Global Financial Crisis and his thoughts on the Fed’s reaction to the current crisis.
June 02, 2020