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Author:Dolmas, James 

Journal Article
Globalization: myths and realities

Southwest Economy , Issue Sep , Pages 13-14

Journal Article
The national economy: heading for a dip?

Southwest Economy , Issue Nov , Pages 9 - 12

Journal Article
On the record: The art and science of measuring inflation: a conversation with Jim Dolmas

At a time when many Americans worry about rising prices, Dallas Fed Senior Economist Jim Dolmas discusses the numbers we use to track inflation in the U.S. economy.
Southwest Economy , Issue Jul , Pages 8-9

Journal Article
A fitter, trimmer core inflation measure

Southwest Economy , Issue May , Pages 1, 4-9

Journal Article
Monetary policy in a zero-interest-rate economy

Southwest Economy , Issue Jul , Pages 1-5, 16

Working Paper
Majority Voting: A Quantitative Investigation

We study the tax systems that arise in a once-and-for-all majority voting equilibrium embedded within a macroeconomic model of inequality. We find that majority voting delivers (i) a small set of outcomes, (ii) zero labor income taxation, and (iii) nearly zero transfers. We find that majority voting, contrary to the literature developed in models without idiosyncratic risk, is quite powerful at restricting outcomes; however, it also delivers predictions inconsistent with observed tax systems.
Working Papers (Old Series) , Paper 1442

Journal Article
Inflation measurement gives us food for thought

Global food prices are soaring. Since February 2009, the United Nations Food and Agriculture Organization world food price index has risen roughly 67 percent, surpassing the previous peak in June 2008 (Chart 1). The last food price surge, from early 2007 to mid-2008, prompted riots in many countries; the latest rise has also fueled riots and may have been a factor in political unrest sweeping through North Africa and the Middle East.
Economic Letter , Volume 6

Journal Article
Health care services depress recent PCE inflation readings

Health care services, which historically helped push core measures of inflation higher, have restrained recent readings. Among them is the personal consumption expenditures price index, favored by Federal Reserve policymakers deliberating interest rate changes.
Economic Letter , Volume 11 , Issue 11 , Pages 1-4

Discussion Paper
Measuring core inflation: notes from a 2007 Dallas Fed conference

In May 2007, the Federal Reserve Bank of Dallas hosted a conference, organized with the Federal Reserve Bank of Cleveland, titled "Price Measurement for Monetary Policy." The conference broadly focused on two issues - the measurement of core inflation and the measurement of inflation expectations. This paper summarizes the conference papers on core inflation.
Staff Papers , Issue May

Discussion Paper
Excluding items from personal consumption expenditures inflation

Core inflation measures constructed by excluding particularly volatile items from the price index have a long history. The most common such measures are indexes excluding the prices of food and energy items. This paper attempts to shed some statistical light on the impact of excluding certain items from the personal consumption expenditures (PCE) price index. In particular, I am interested in the trade-off between reducing shortrun volatility (relative to the volatility of the headline index) and possibly distorting the measurement of inflation over longer horizons. Some of the questions this ...
Staff Papers , Issue Jun

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