On the Distributional Effects of International Tariffs
This paper provides a quantitative analysis of the distributional effects of the 2018 increase in tariffs by the U.S. and its major trading partners.
March 29, 2023
Dallas Fed Economics
Capital flowed from emerging markets as pandemic, economic cycle took hold
Fluctuations in the global financial cycle, reflecting impacts from the COVID crisis, account for roughly one-third of the movement in emerging-market inflows during 2020–23.
March 07, 2023
Preventing and responding to dysfunction in core markets
Dallas Fed President Lorie Logan delivered these remarks at the Workshop on Market Dysfunction at the University of Chicago Booth School of Business.
March 03, 2023
Dallas Fed Economics
Threat of global housing slide looms amid rising rates
While house-price growth has recently begun to moderate—or, in some countries, to decline—the risk of a deep global housing slide persists.
February 28, 2023
Dallas Fed Economics
Dallas Fed, Latin American central banks explore financial stability risks
The COVID-19 pandemic, recent monetary tightening and a strengthening U.S. dollar were the themes explored during a recent conference organized by the Federal Reserve Bank of Dallas and the Center for Latin American Monetary Studies (CEMLA) and held at CEMLA’s Mexico City headquarters.
February 16, 2023
Dallas Fed Economics
Tax, transfer programs explain why Western Europeans work less than Americans
Western Europe differs from the United States not only in consumption tax, income tax and social security systems but also in the total factor productivity—a measure of productivity—for market production in which most European countries are low.
January 19, 2023
Dallas Fed Economics
High inflation disproportionately hurts low-income households
Household survey results do not support Nobel laureate economist Paul Krugman's recent suggestion that low-income families “have actually been hurt less by inflation than families with higher incomes.”
January 10, 2023
Dallas Fed Economics
Decentralized finance proposed as alternative to traditional financial services
DeFi applications allow users to directly interact with each other to borrow, lend, insure and exchange digital assets without centralized intermediaries, such as banks and custodial exchanges.
January 03, 2023
Forecasting Inflation in Open Economies: What Can a NOEM Model Do?
This paper evaluates the forecasting ability when inflation is viewed as an inherently global phenomenon through the lens of the workhorse New Open Economy Macro (NOEM) model.
December 20, 2022
Dallas Fed Economics
Blockchain technology aims to expand role of digital transactions on internet
While the resources devoted to blockchain technology development have increased dramatically the past few years, the technology’s ultimate success depends on whether blockchain protocols can interact with the current economic landscape and how that occurs.
December 20, 2022