Research Department Working Papers
Labor Market Effects of Credit Constraints: Evidence from a Natural Experiment
This paper exploits the 1997 and 2003 constitutional amendments in Texas—allowing home equity loans and lines of credit for non-housing purposes—as natural experiments to estimate the effect of easier credit access on the labor market.
February 03, 2023
Federal Reserve Banks of Atlanta and Dallas conference explored housing, urban economics
Residential real estate prices rose sharply throughout the United States following the onset of COVID-19 in early 2020. While property owners received a capital gains windfall, first-time buyers and renters have struggled with reduced affordability.
January 25, 2022
Southwest Economy, Third Quarter 2021
Federal Support Keeps State Budgets (Including Texas’) Healthy amid Tumult from COVID-19-Induced Economic Ills
An unprecedented federal fiscal response to the COVID-19-induced recession in early 2020 helped prop up state government finances even among states whose tax and finance structures put them at particular risk during a downturn.
September 30, 2021
Global Perspectives: Ursula Burns on Coaching, Diversity and Advancing the Next Generation of Female Leaders
Burns and Dallas Fed President Rob Kaplan discussed her career, the importance of coaches and mentors, the case for quotas and advice for the next generation of female leaders.
July 27, 2021
Global Perspectives: Betsy Price on Being Fort Worth Mayor, Governing and Bipartisanship
Price and Dallas Fed President Rob Kaplan discussed her political career, the challenges she faced in office and the need for bipartisanship to get government business done.
July 20, 2021
Southwest Economy, First Quarter 2021
Value-Added Tax Could Restrain Long-Term Federal Debt
Alan D. Viard, a resident scholar at the American Enterprise Institute and former senior economist at the Federal Reserve Bank of Dallas, discusses how to address the U.S. budget deficit in the aftermath of the COVID-19 pandemic.
April 09, 2021
Anticipated Federal Restrictions Would Slow Permian Basin Production
Possible changes to leasing and permitting requirements governing federal lands could move oil production, prompting a realignment of Permian Basin activity between Texas and New Mexico.
March 04, 2021
Southwest Economy, Fourth Quarter 2020
Pandemic Unemployment Benefits Provided Much-Needed Fiscal Support
Enhanced unemployment insurance benefits implemented in response to the COVID-19 pandemic have helped buttress spending among the unemployed.
December 21, 2020
Southwest Economy, Third Quarter 2020
COVID-19’s Fiscal Ills: Busted Texas Budgets, Critical Local Choices
COVID-19 and related economic shutdowns have raised concerns that state and local government revenues will fall short of expectations just as demand for services soars.
September 21, 2020
Global Perspectives: Mike Leavitt on Health Care Costs and Higher Education
The U.S. health care system is uniquely innovative, but it is also arguably uniquely inefficient. Health outcomes in the U.S.—whether measured in terms of simple metrics such as life expectancy or more sophisticated ones such as quality-adjusted life years—do not seem commensurate with health care expenditures.
April 23, 2019