Journal Article
Fed intervention: managing moral hazard in financial crises
Rosenblum, Harvey; Alm, Richard; DiMartino, Danielle; Renier, Jessica (2008)
At the end of September 2008, U.S. policymakers had been working for more than a year to contain the shock waves from plunging home prices and the subsequent financial market turmoil. For the Federal Reserve, the crisis has given new meaning to the adage that extraordinary times call for extraordinary measures. The central bank has dusted off Depression-era powers and rewritten old rules to address serious risks to the global financial system.
Economic Letter , Volume 3

Journal Article
Noteworthy: demographics, auto industry, Texas jobs
Nicholson, Michael; Renier, Jessica (2008-07)
Southwest Economy , Issue Jul , Pages 14

Journal Article
Noteworthy: agriculture: Texas rice acreage grows with prices
Renier, Jessica (2008-05)
Southwest Economy , Issue May , Pages 14

Journal Article
Noteworthy: housing: tax credit boosts sales to first-time homebuyers in Texas
Renier, Jessica (2009-07)
The beleaguered Texas housing market has been getting some help from Washington's attempts to revive the economy. First-time homebuyers in the state are taking advantage of tax credits of as much as $8,000 provided by the American Recovery and Reinvestment Act of 2009.
Southwest Economy , Issue Q3 , Pages 14

Journal Article
Noteworthy: Texas trade: exports take a turn for the worse
Renier, Jessica (2009-04)
Exports have gone from a source of strength to a drag on the Texas economy. The state's real exports declined nearly 20 percent from their peak in second quarter 2008 through first quarter 2009, ending a five-year growth spurt.
Southwest Economy , Issue Q2 , Pages 15

Journal Article
Corpus Christi: an economy in transition
Phillips, Keith R.; Renier, Jessica; Hahn, Michelle (2007)
Corpus Christi tempts tourists with miles of beaches, sea breezes, an arts and museum district, waterfront restaurants, shopping and more. It is also home to a major seaport, Texas A&M UniversityCorpus Christi, a large health care system, military bases, refineries and chemical plants. Port activity and tourism remain important components of the Corpus Christi economy. However, some sectors are declining in importance, such as agriculture, oil and gas, petrochemicals and military, while others are expanding, such as health care, alternative energy and education. ; Jobs in the Corpus Christi ...
Vista

Journal Article
Noteworthy: Texas economy: state ranks 4th in personal income growth
Renier, Jessica (2008-03)
Southwest Economy , Issue Mar , Pages 14

Journal Article
Noteworthy: energy: new Texas LNG terminals put on hold
Renier, Jessica (2008-05)
Southwest Economy , Issue May , Pages 14

Journal Article
Fed confronts financial crisis by expanding its role as lender of last resort
DiMartino, Danielle; Renier, Jessica; Duca, John V. (2009)
The current recession has deepened because of shrinking credit flows from banks, nonbank lenders and securities markets. This contrasts with the early 1990s, when new bonds and commercial paper cushioned a bank credit crunch, and with the high-tech investment bust of the early 2000s, when steady bank lending lessened the impact of receding bond and equity finance markets. ; This time, breakdowns in key credit markets posed great risks to the financial system and the broader economy. The Federal Reserve responded with unprecedented measures, expanding its role as lender of last resort in an ...
Economic Letter , Volume 4

Journal Article
Fed policy in the financial crisis: arresting the adverse feedback loop
DiMartino, Danielle; Renier, Jessica (2009)
An adverse feedback loop takes hold when a weakening financial system and a slowing economy feed off each other. A crisis or shock curtails lending, hobbling the real economy; the more production and employment falter, the more lending contracts. ; Arresting the adverse feedback loop could prove to be the seminal challenge of early 21st century monetary policymaking. Since sounding the alarm in January 2008, the Fed has taken a series of actions--many unprecedented--to prevent additional damage to financial markets and restore lending activity. These policies have had some success in ...
Economic Letter , Volume 4