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Federal Reserve Bank of Dallas
Southwest Economy
Breaking out of recession: gauging Texas’ response to Fed stimulus
David Luttrell
Harvey Rosenblum
Abstract

From the time the U.S. recession began in December 2007 through the subsequent recovery, Texas and the Eleventh Federal Reserve District have outperformed the nation.While economic activity is better in Texas, it remains far from robust. And though Texas employment hasn’t fully reclaimed levels reached before the crisis, the other 11 Federal Reserve districts remain 3 to 8 percent below predownturn employment peaks as a postrecessionary disquiet lingers.


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David Luttrell & Harvey Rosenblum, "Breaking out of recession: gauging Texas’ response to Fed stimulus" , Federal Reserve Bank of Dallas, Southwest Economy, issue Q3, pages 3-7, 2011.
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Keywords: Troubled Asset Relief Program ; Monetary policy ; Banks and banking - Texas
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