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Journal Article
The consumer price index
The consumer price index (CPI) is probably the most closely watched indicator of inflation in the U.S. economy. In this article, Mark Wynne and Fiona Sigalla explain the construction of the CPI and evaluate some of its potential shortcomings as a measure of inflation. Specifically, they examine the discrepancies that arise between the CPI and the true cost- of-living index as a result of improvements in the quality of goods, the introduction of new goods, substitution on the part of consumers between different goods and retail outlets, and the difficulty of measuring the prices actually paid ...
Journal Article
Another strong year for the Eleventh District
The Eleventh District marked its eighth year of economic expansion in 1994. Employment grew strongly in all three Eleventh District states- Louisiana, New Mexico, and Texas. Although the past prominence of the oil and gas sector is well-known, in 1994 the region prospered despite continued declines in the energy industry. A robust U.S. economy stimulated demand for District manufacturing and service industries, which helped drive the economy. ; Fiona Sigalla surveys the 1994 performance of the Eleventh District economy and finds that a favorable business climate and expanding trade in goods ...
Journal Article
Regional effects of liberalized agricultural trade
Fiona D. Sigalla explores the impact of free international trade in agriculture on individual states and the components of their agricultural sectors. Full multilateral trade liberalization would lower the cost of food and increase gross national product by encouraging reallocation of resources to more productive uses, Sigalla argues. She finds that free trade would have little or no effect on income in six states and that gross agricultural income would rise in six other states. Agricultural income would decline by 7 percent or more in fourteen states and by at least 2 percent in the ...
Journal Article
Investing for growth: thriving in the world marketplace
Free trade is rapidly expanding the world marketplace, providing new opportunities to raise living standards and stimulate long-term economic growth. To capitalize on these opportunities, the United States must overcome problems that reduce its competitiveness, such as regulations that distort market incentives, an education system that may not be preparing a work force equipped to compete in the twenty-first century, and a health care system whose skyrocketing costs have become a burden to taxpayers, government, and business. ; The Federal Reserve Bank of Dallas addressed the opportunities ...
Journal Article
Texas' border: on the front line of change
Journal Article
Regional update
Journal Article
Is the pension system a liability?
Journal Article
Texas finds cover from U.S. economic storm
The 2007 Texas expansion was persistently underrated. While a national economic slowdown attracted headlines, the state's economy quietly grew at a rate that was Texas proud. ; State job growth of 3.1 percent last year was triple the nation's 1 percent - and exceeded the state's long-run average of 2.8 percent for the third year in a row. While declines in homebuilding were sizable, overall construction remained at high levels in Texas. Oil and gas drilling returned to heights not seen since the early 1980s energy boom.
Journal Article
Insurance: a risk to the economy ?
Journal Article
Regional update : Texas economy weathering the storm