Journal Article
Noteworthy: commercial building: Texas shows signs of weakening
Thies, Jackson (2009-01)
Texas commercial construction held up relatively well throughout 2008--in the broad view, at least.
Southwest Economy , Issue Q1 , Pages 15

Journal Article
Noteworthy: Gulf oil spill: Costs of well disaster still piling up
Thies, Jackson (2010-10)
British Petroleum's Macondo well blew out April 20 as the Deepwater Horizon platform sunk. By the time the well was capped on July 15, an estimated 4.9 million barrels of oil had flowed into the Gulf of Mexico. The U.S. government and BP are still assembling a definitive estimate of the flow; the final figure is likely to be a source of contention because it will be the basis for determining financial penalties.
Southwest Economy , Issue Q4 , Pages 14

Journal Article
Spotlight: Texas wind energy: tax breaks, transmission lines key to growth
Thies, Jackson (2009-07)
Texas became the nation's most prolific generator of wind power in the past decade, but the industry's future growth will depend on tax incentives to make it cost competitive and new transmission lines to get electricity to consumers.
Southwest Economy , Issue Q3 , Pages 15

Journal Article
Noteworthy: hurricane season, venture capital, exports
Thies, Jackson; Renier, Jessica; Nicholson, Michael (2008-09)
Ike deals severe blow to Texas economy. Texas investment funding slips in 2nd quarter. Latin America, China lead Texas surge in overseas sales.
Southwest Economy , Issue Sep , Pages 5

Journal Article
Noteworthy: natural gas: glitches point to inflated output data
Thies, Jackson (2010-04)
Natural gas production and consumption data have been drifting apart. Production should equal consumption plus increases or decreases in storage, but sampling and estimation errors typically result in slight discrepancies. Seeing these gaps rise, the Energy Information Administration (EIA) implemented a new methodology with the release of February's production data that should ensure greater accuracy. Estimates for the prior 12 months were revised as well.
Southwest Economy , Issue Q2 , Pages 15

Journal Article
Noteworthy: commercial real estate: recession takes toll, banks put at risk
Thies, Jackson (2009-10)
Texas' commercial real estate market steadily worsened as recession took hold in 2009. Commercial real estate's woes don't bode well for banks already struggling with losses from residential loans. The number of distressed properties--those in foreclosure, in bankruptcy or restructured--is rising.
Southwest Economy , Issue Q4 , Pages 15

Journal Article
Noteworthy: energy: oil, gasoline price spikes unlikely in 2009
Thies, Jackson (2008-11)
Southwest Economy , Issue Nov , Pages 14

Discussion Paper
Understanding the risks inherent in shadow banking: a primer and practical lessons learned
Thies, Jackson; Rosenblum, Harvey; Luttrell, David (2012-11)
Examinations of the 2007?09 financial crisis often use the term shadow banking. This paper explains the form and functioning of the shadow banking system, how it relates to systemic risk and the recent financial crisis, and what particular aspects should be highlighted to benefit policymakers as they implement new regulations designed to enhance financial market resiliency. The paper is divided into two parts: The first serves as a primer on shadow banking; the second provides a narrative of how the system froze during the financial crisis and pertinent lessons learned for the current reform ...
Staff Papers , Issue Nov

Journal Article
Market expectations and corn prices: looking into future to explain present
Thies, Jackson; Plante, Michael D. (2012-08)
Market expectations of future supply and demand are important in determining current prices for agricultural products such as corn, which are harvested annually and stored for later use. Prices can quickly move when beliefs change?due to new data, for example?even if events far in the future are involved.
Economic Letter , Volume 7 , Issue 7

Journal Article
Oil and gas rises again in a diversified Texas
Thies, Jackson; Yücel, Mine K. (2011-01)
The oil and gas industry has been a driver of the Texas economy for the past 40 years. Its contribution declined with the oil-led recession of 1986 and appeared to slip further in the 1990s as the high-tech industry boomed. But oil and natural gas prices have risen since 1999, reaching record highs in 2008. This resurgence has boosted energy activity and factored into the recent economic recovery in Texas, affirming the industry?s long-held prominence in the state. ; An econometric model developed by the Federal Reserve Bank of Dallas documents the state?s evolving energy fortunes since the ...
Southwest Economy , Issue Q1 , Pages 10-13