Working Papers
Technology Providers and Financial Stability: Overview of Risks and Regulatory Frameworks
Technology-focused Third-Party Service Providers (TPSPs) have become important players in the operations of financial institutions and the financial markets. This paper summarizes micro- and macro-prudential regulatory frameworks in place to address risks that TPSPs pose to the financial system.
July 01, 2025
Dallas Fed Economics
Advances in AI will boost productivity, living standards over time
Artificial intelligence offers the potential to improve people’s living standards. Such advances can be approximated by changes in GDP per capita over time. Using that common measure, AI could enhance longstanding productivity gains or, alternatively, drastically alter the economy in relatively short order.
June 24, 2025
Dallas Fed Economics
Will AI replace your job? Perhaps not in the next decade
Recent rapid improvements in the capabilities of artificial intelligence have raised concerns about these technologies' impact on employment. The ultimate effects of AI on the workforce will depend on the extent to which AI augments (or complements) rather than automates (or substitutes for) workers' tasks. Will this new technology aid workers or replace them?
June 03, 2025
Economic Surveys
Special Questions
Results from the Texas Business Outlook Surveys special questions in May show that 60 percent of firms report that they are currently using artificial intelligence, up notably from 38 percent a year ago. For generative AI use specifically, the share rose from 20 percent to 36 percent.
May 27, 2025
Austin, Texas
Innovation flourishes in Austin
Austin continues to grow as a place where research and creativity flourish. On a recent trip to the Texas capital, Dallas Fed President Lorie Logan visited with people representing various stages of the innovation cycle, from cutting-edge research to developing real-life applications.
May 23, 2025
Working Papers
The Social Returns to Public R&D
Recent empirical evidence by Fieldhouse and Mertens (2024) points to a strong causal link between federal nondefense R&D funding and private-sector productivity growth, and large implied social returns to public R&D investment. This paper shows that these high social return estimates broadly align with existing evidence on the social returns to private or total R&D spending.
May 14, 2025
Working Papers
The Problem of Quality Change in Historical Price Statistics: An Illustrative Example Using Baedeker Travel Guides
This paper uses a novel dataset on the prices of the travel guidebooks published by the German publishing house Baedeker between 1832 and 1944 to construct a hedonic price index for guidebooks. Comparing these indexes to the list prices of these guidebooks, the paper shows that the failure to adjust for improvements in the quality of the guidebooks over time imparts a substantial upward bias to measured inflation.
November 26, 2024
Working Papers
Do Human Capital Adjustments Protect Youths from Structural Change?
This paper studies the effects of exposure to structural labor demand shocks during youth and adolescence on human capital accumulation and later-life earnings.
November 09, 2024
Working Papers
Marriage Market Sorting in the U.S.
This paper examines shifts in the U.S. marriage market, assessing how online dating, demographic changes and evolving societal norms influence mate choice and broader sorting trends.
September 23, 2024
Austin, Texas
Austin’s ecosystem combines government, education and the tech industry
Dallas Fed President Lorie Logan's 360° Listening Tour is taking her to communities all around the Eleventh Federal Reserve District. The tour is helping deepen her understanding of the region’s people and economy by adding color and perspective that go beyond official statistics.
July 08, 2024