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Journal Article
Health Care, Hospitality and Retirees Keep Hot Springs Afloat
Sohail, Faisal; Gascon, Charles S. (2016-07)
Although this small MSA has strong health care and tourism sectors, it also has its share of challenges: income inequality, no airport and Americans? changing vacation patterns.
The Regional Economist , Issue July

Journal Article
Leisure and Hospitality Sector’s Recovery Complicated by Delta Variant
Gascon, Charles S.; Jefferson, Nathan; Werner, Devin (2021-10-04)
Shutdowns early in the pandemic primarily affected the Eighth Federal Reserve District’s leisure and hospitality sector, but its recovery could be complicated by the delta variant.
The Regional Economist

Journal Article
Hospital Capacity amid the COVID-19 Pandemic
Gascon, Charles S.; Bharadwaj, Asha; Bokun, Kathryn (2020-07-09)
Asha Bharadwaj, Kathryn Bokun, Charles S. GasconMost counties haven't reached hospital bed capacity during COVID-19 peaks through June 30. However, about a quarter of counties are at risk of overcapacity if a future surge occurs.
The Regional Economist , Volume 28 , Issue 2

Journal Article
Engines of growth vary in four largest cities
Gascon, Charles S.; Arias, Maria A. (2014-01)
The Regional Economist

Journal Article
A Report on Economic Conditions in the Louisville Zone
Gascon, Charles S. (2016-10)
Burgundy Books , Issue 4Q

Journal Article
Jefferson City, Mo., Facing Same Struggles As Other State Capitals
Karson, Evan; Gascon, Charles S. (2016-01)
Government employment has been a main driver of Jefferson City?s economy, more so than in many other state capitals. Now that public sectors everywhere are tightening their belts, Jefferson City?like many other communities?will look more to the private sector to maintain growth.
The Regional Economist , Issue Jan

Working Paper
Predicting Benchmarked US State Employment Data in Realtime
Brave, Scott; Gascon, Charles S.; Kluender, William; Walstrum, Thomas (2019-12-02)
US payroll employment data come from a survey of nonfarm business establishments and are therefore subject to revisions. While the revisions are generally small at the national level, they can be large enough at the state level to substantially alter assessments of current economic conditions. Researchers and policymakers must therefore exercise caution in interpreting state employment data until they are "benchmarked" against administrative data on the universe of workers some 5 to 16 months after the reference period. This paper develops and tests a state space model that predicts ...
Working Paper Series , Paper WP 2019-11

Journal Article
Multifamily Housing Shows Strong Growth, Leading to Bubble Fears
McGillicuddy, Joseph; Gascon, Charles S. (2017)
Of all the major commercial real estate categories, multifamily housing has strengthened the most since the last recession. It has shown so much growth that some are worried a bubble is forming.
The Regional Economist , Volume 25 , Issue 1

Working Paper
The Beige Book and the Business Cycle: Using Beige Book Anecdotes to Construct Recession Probabilities
Gascon, Charles S.; Martorana, Joseph (2024-12-06)
The Federal Reserve releases the Beige Book prior to each Federal Open Market Committee meeting. The report is a narrative based on anecdotal and qualitative information collected from a wide range of contacts in each of the 12 Federal Reserve Districts. We take the lexicon approach to text analysis to create sentiment indexes that track changes in economic conditions from the very first Beige Book in May 1970 to the most recent (at the time of writing) in October 2024. We create additional indexes to account for various current-event shocks, such as political events or natural disasters that ...
Working Papers , Paper 2024-037

COVID-19 and Unemployment Risk: State and MSA Differences
Werner, Devin; Gascon, Charles S. (2020-04-03)
Which states and MSAs have large shares of workers at high risk of unemployment?
On the Economy

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