-                 Bridges and borders: Economic policy across North America
 - This conference organized by the Peterson Institute for International Economics and the Federal Reserve Bank of Dallas examines key policy and economic challenges shaping the future of North American integration, with a focus on labor mobility, remittance flows and cross-border trade. - November 06, 2025 
-                 Higher tariffs in U.S., Mexico part of global response to China export surge
 - Concerns regarding diversion or transshipment of Chinese exports have figured prominently in U.S. trade talks in 2025. Mexico and Canada have already raised tariffs on Chinese goods in some sectors to protect their domestic industries. - October 31, 2025 
-                 Mexico’s economy surprises to the upside, but outlook is weak
 - The Mexican economy grew during the first half of 2025, surprising analysts who had anticipated a recession. However, the outlook is weak, with the consensus forecast implying economic slowdown during the second half. - October 16, 2025 
-                 China expands Mexico investment but notably lags U.S., other G7 economies
 - China has been the fastest growing source of foreign direct investment (FDI) to Mexico in recent years. Chinese investment has also become a prominent issue in U.S.-Mexico economic relations. However, this FDI remains small compared with U.S. investment in Mexico. - September 26, 2025 
- Research Department Working Papers -                 Pandemic and War Inflation: Lessons from the International Experience
 - This paper examines the drivers of the 2020–23 inflation surge, with an emphasis on the similarities and differences across countries, as well as the role that monetary policy frameworks might have played in shaping central banks’ responses. - September 19, 2025 
-                 Are trade deficits good or bad, and can tariffs reduce them?
 - Typically, trade deficits are viewed through a lens of exports and imports, with the latter exceeding the former. While that is a useful exercise, it’s also helpful to examine deficits through a macroeconomic lens. - September 04, 2025 
- Research Department Working Papers -                 Pollution Taxes and Clean Subsidies in an Open Economy
 - This paper shows that the same conditions that lead to pollution leakage enhance the efficacy of clean subsidies. - August 18, 2025 
-                 Texas economy softens amid uncertain outlook
 - Texas’ overall pace of economic growth is trending lower, with payroll employment declining in June, a marked turn from robust job gains earlier in 2025. - August 11, 2025 
- Research Department Working Papers -                 A History of U.S. Tariffs: Quantifying Strategic Trade-Offs in Tariff Policy Design
 - U.S. tariff policy has historically balanced competing goals—revenue, protection and reciprocity. Policy priorities have shifted over time in response to changing economic and political conditions. Using a calibrated general equilibrium model, this paper illustrates these trade-offs through the lens of tariff Laffer curves. - August 05, 2025 
-                 Texas firms open to AI as tariff work-around strategy
 - Firms are adopting AI and automation to offset rising tariff costs and shrinking margins, aiming to boost productivity and reduce labor needs amid economic challenges. - July 17, 2025