Working Paper
Residual seasonality in U.S. GDP data
Phillips, Keith R.; Wang, Jack (2016-11-01)
Rudebush et al (2015a, b) and the Bureau of Economic Analysis find the presence of residual seasonality in the official estimates of U.S. real gross domestic product (GDP). Directly seasonally adjusting official seasonally adjusted GDP, which we refer to as double seasonal adjustment, could revise the first quarter growth in the past several years upward by an average of about 1.5 percentage points. The presence of residual seasonality can significantly distort current analysis of national and regional economies. In this paper we look more closely at the U.S. GDP data and study the quality of ...
Working Papers , Paper 1608

Journal Article
Spotlight: Chinese slowdown restrains Texas exports
Wang, Jack (2015-04)
Southwest Economy , Issue Q2 , Pages 15-15

Journal Article
Spotlight: Texas business starts outperform U.S.; formation rates decline
Wang, Jack; Weiss, Michael (2016-07)
Southwest Economy , Issue Q3 , Pages 7-7

Journal Article
Fed manufacturing surveys provide insight into national economy
Kerr, Emily; Wang, Jack; Orrenius, Pia M.; Cañas, Jesus (2014-10)
Regional Federal Reserve Banks? manufacturing surveys provide important insight into national economic conditions. The Dallas Fed?s Texas Manufacturing Outlook Survey performs well forecasting the ISM manufacturing index and U.S. industrial production.
Economic Letter , Volume 9 , Issue 12 , Pages 1-4