A comprehensive list of recently added postings on Dallasfed.org.
Corporate debt as a potential amplifier in a slowdown
In his latest essay, posted on Dallas Fed Economics, President Rob Kaplan focuses on trends in corporate debt growth and credit quality in the U.S. and discusses potential implications for economic conditions and financial stability.
March 5, 2019
PCE Inflation Update, December 2018
The headline, or all-items, PCE price index rose 0.7 percent at an annualized rate in December following a 0.6 percent annualized increase a month earlier.
March 1, 2019
Permian Basin Economic Indicators
Production in the Permian Basin continues to grow even as the rig count remains steady. Permian Basin wages were well above the Texas average in December. The tight housing market has led to strong home-price appreciation.
March 1, 2019
Global Perspectives: John Hess on U.S. oil reserves, climate change
Few sectors of the U.S. economy have undergone as radical a transformation in recent years as the energy sector, and few loom as large in the economic fortunes of Texas and the Eleventh District.
February 28, 2019
Is Wage Growth Higher than We Think?
There is always widespread interest in the degree to which the U.S. labor market generates higher pay for workers. A standard measure of wage growth suggests that this expansion is not improving the standard of living of workers, but our analysis reveals that actual wage growth is understated.
February 26, 2019
Not everything Is bigger in Texas: The varied fortunes of four smaller metros
While Texas’ major metropolitan areas power the bulk of the state’s commercial activity, some smaller metros have worked to establish their place as part of the state’s economic mosaic.
February 21, 2019
The Zero Lower Bound and Estimation Accuracy
During the Great Recession, many central banks lowered their policy rate to its zero lower bound, creating a kink in the policy rule and calling into question linear estimation methods.
February 19, 2019
Changes in labor force participation help explain recent job gains
The U.S. labor force participation rate declined following the Great Recession to a low of 62.3 percent in 2015.
February 19, 2019
Dallas Fed Energy Survey suggests oil price drop won’t cause sector collapse in 2019
Following a banner year in 2018, will U.S. oil producers retrench and reduce capital spending after the recent double-digit oil price decline? The latest Dallas Fed Energy Survey provides some clues about what may be next.
February 14, 2019
Closer to One Great Pool? Evidence from Structural Breaks in Oil Price Differentials
We show that the oil market has become closer to “one great pool,” in the sense that price differentials between crude oils of different qualities have generally become smaller over time.
February 13, 2019