Public Finance

 

• Research Department Working Papers

  Did the Tax Cuts and Jobs Act Create Jobs and Stimulate Growth?

  The Tax Cuts and Jobs Act of 2017 is the most extensive overhaul of the U.S. income tax code since the Tax Reform Act of 1986.

  August 08, 2023

• Research Department Working Papers

  State-Dependent Local Projections

  Do state-dependent local projections asymptotically recover the population responses of macroeconomic aggregates to structural shocks? The answer to this question depends on how the state of the economy is determined and on the magnitude of the shocks.

  April 19, 2023

• 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