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Large, Dominant Firms Depress Local Wages; Housing Costs Help Offset Lower Pay
Tracy, Joseph; Kahn, Matthew E.
(2020-01-07)
Concern has increased about the ability of very large firms to exert market power and hold down wages in localities where they dominate.
Dallas Fed Economics
Whose Wages Are Falling Behind the Least amid Surging Inflation?
Rich, Robert W.; Tracy, Joseph; Krohn, Mason
(2022-10-18)
For a majority of workers, wages didn’t increase as fast as inflation in the 12 months ended in second quarter 2022. Here, we dig deeper to see how outcomes may have differed across groups of workers.
Dallas Fed Economics
Report
The CRA at 40: Law Remains a Cornerstone of Community Development
Ryder Perlmeter, Emily
(2017-12)
What monetary benefit does the Community Reinvestment Act bring to Texas? The Dallas Fed analyzed the performance evaluations of Texas banks and polled bankers to assess how much the 40-year-old law is contributing to communities in need and whether it should be modified.
Community Outlook
, Issue 1
, Pages 1-16
Journal Article
Risk, uncertainty separately cloud global growth forecasting
Grossman, Valerie; Chudik, Alexander; Martinez-Garcia, Enrique
(2016-07)
Forecasts of global growth have historically been imprecise, punctuated by periods of optimism and pessimism. Inaccuracy in forecasting partly reflects quantifiable risks to the global outlook as well as economic uncertainty.
Economic Letter
, Volume 11
, Issue 9
, Pages 1-4
Journal Article
Regional update
Thompson, John
(2001-05)
Southwest Economy
, Issue May
, Pages 15
Working Paper
Exchange rate uncertainty and economic growth in Latin America
McLeod, Darryl; Welch, John H.
(1993)
Working Papers
, Paper 9338
Working Paper
Building trade barriers and knocking them down: the political economy of unilateral trade liberalizations
Gould, David M.; Woodbridge, Graeme L.
(1995)
Working Papers
, Paper 9505
Working Paper
Fiscal policymaking and the central bank institutional constraint
Laney, Leroy O.; Burdekin, Richard C. K.
(1986)
Working Papers
, Paper 8606
Working Paper
Heterogeneity in the Pass-Through from Oil to Gasoline Prices: A New Instrument for Estimating the Price Elasticity of Gasoline Demand
Kilian, Lutz; Zhou, Xiaoqing
(2023-01-06)
We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences across U.S. states in the pass-through of oil price shocks to retail gasoline prices. We show that these differences are primarily driven by the cost of producing and distributing gasoline, which varies with states’ access to oil and gasoline transportation infrastructure, refinery technology and environmental regulations, creating cross-sectional gasoline price shocks in response to an aggregate oil price shock. Time-varying estimates do not support the view that the ...
Working Papers
, Paper 2301
Journal Article
Rediscovering the value of honest money
McTeer, Robert D.
(1998)
Economic Insights
, Volume 1
, Issue 1
, Pages 1
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