Research Department Working Papers
The Macroeconomics of Labor, Credit and Financial Market Imperfections
An increasing share of corporate loans, a critical source of firm credit, are sold off banks’ balance sheets and actively traded in a secondary over-the-counter market. This paper develops a microfounded equilibrium search-theoretic model with labor, credit and financial markets to explore how this secondary loan market affects the real economy.
October 22, 2024
Speech by President Lorie K. Logan
Normalizing the FOMC’s monetary policy tools
President Lorie K. Logan describes policy considerations for normalizing the Fed’s assets and liabilities.
October 21, 2024
Speech by President Lorie K. Logan
Opening remarks for the Eleventh District Banking Conference
Dallas Fed President Lorie K. Logan delivered these remarks via prerecorded video at the Eleventh District Banking Conference on Sept. 16, 2024.
September 17, 2024
Moving up, falling back or staying still: How income mobility in Texas differs by race, ethnicity
This article analyzes how different demographic groups can climb the income ladder and move into higher-income groups.
July 19, 2024
Speech by President Lorie K. Logan
A level playing field for deposit insurance
In remarks at the conference “Exploring Conventional Bank Funding Regimes in an Unconventional World, ” President Lorie K. Logan offers her views on how bank funding models and public policies can support a strong, vibrant and diverse banking system.
July 18, 2024
Income disparities between white and Hispanic and Black Texans seen from 2005 to 2019
In the United States, a great deal of research has documented income disparities across racial and ethnic groups over time. If left unaddressed, those disparities could act as a headwind to future economic growth, especially given the country’s increasingly diverse population.
May 23, 2024
Speech by President Lorie K. Logan
Sustainably restoring price stability: progress so far and risks ahead
President Lorie K. Logan shared her views on the economic outlook and monetary policy.
April 05, 2024
Economic Inclusion Fireside Chat: Michael Weber and Jeff Fuhrer on an inclusive economy
Michael Weber, an associate professor at the University of Chicago Booth School of Business, and Jeff Fuhrer, a fellow at the Brookings Institution and the Eastern Bank Foundation, provided insight into the importance of thinking about diverse communities in policymaking at the inaugural Economic Inclusion Seminar Series Fireside Chat.
February 12, 2024
Speech by President Lorie K. Logan
Opening remarks at panel on Market Monitoring and the Implementation of Monetary Policy
At the American Economic Association annual meeting, President Logan spoke about market monitoring and the implementation of monetary policy.
January 06, 2024
Widening gap between rich and poor poses challenge to U.S.
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.
December 13, 2023