The U.S. economic outlook and monetary policy
Dallas Fed President Lorie Logan delivered this address on Jan. 18, 2023, at The University of Texas at Austin McCombs School of Business as part of her 360° in 365 Listening Tour of the Eleventh Federal Reserve District.
January 18, 2023
Dallas Fed Economics
Existing low-rate mortgages blunt impact of recent rate surge
The prevalence of low-rate mortgages suggests that future policy rate cuts may not as effectively stimulate household spending through refinancing as during past recessions.
December 27, 2022
A Broader Perspective on the Inflationary Effects of Energy Price Shocks
This paper develops a vector autoregressive model that quantifies the joint impact of shocks to several energy prices on headline and core CPI inflation.
December 21, 2022
Working Papers
Commodity Exports, Financial Frictions and International Spillovers
This paper offers a solution to the international co-movement puzzle found in open-economy macroeconomic models.
December 16, 2022
Dallas Fed Economics
Does employers’ worker poaching explain the Beveridge curve’s odd behavior?
Increased worker job-hopping may help explain the odd-shaped post-COVID Beveridge curve and the underlying employment behavior it depicts.
November 22, 2022
Dallas Fed Economics
Skimming U.S. housing froth a delicate, daunting task
U.S. house prices appreciated a remarkable 94.5 percent from first quarter 2013 to second quarter 2022—a 60.8 percent rise after adjusting for inflation.
November 15, 2022
Opening Remarks for 'Energy and the Economy: The New Energy Landscape' Conference
Dallas Fed President Lorie Logan delivered this address to open the conference hosted by the Federal Reserve Banks of Dallas and Kansas City in Houston.
November 10, 2022
Just Do IT? An Assessment of Inflation Targeting in a Global Comparative Case Study
This paper introduces novel measures to assess the effectiveness of inflation targeting (IT) and examines its performance across a broad sample of advanced economies (AEs) and emerging market and developing economies (EMDEs).
November 05, 2022
Dallas Fed Economics
Whose wages are falling behind the least amid surging inflation?
For a majority of workers, wages didn’t increase as fast as inflation in the 12 months ended in second quarter 2022. Here, we dig deeper to see how outcomes may have differed across groups of workers.
October 18, 2022
Dallas Fed Economics
More workers find their wages falling even further behind inflation
While the past 25 years have witnessed episodes that show either a greater incidence or larger magnitude of real wage declines, the current time period is unparalleled in terms of the challenge employed workers face.
October 04, 2022