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Discussion Paper
Just Released: Hints of Increased Hardship in America’s Oil-Producing Counties
Today, the New York Fed released the Quarterly Report on Household Debt and Credit for the first quarter of 2016. Overall debt saw one of its larger increases since deleveraging ended, while delinquency rates for the United States continued to improve and remain at very low levels. Although the overall picture of Americans? liabilities has continued to improve since the financial crisis, we wondered what the variation looks like at local levels. One advantage of our Consumer Credit Panel (CCP), which is based on Equifax credit data, is that we can examine geographic variation in debt and ...
Global Perspectives: Marvin E. Odum on the COVID-19 Fight, Energy Outlook
Odum and Dallas Fed President Robert S. Kaplan participated in a moderated conversation with Krys Boyd of KERA and discussed the ongoing pandemic and how best to contain it.
A New View of the Relationship Between Oil Prices, Gasoline Prices and Inflation Expectations
It has been considered self-evident until recently that oil prices drive inflation expectations, but new evidence calls into question this conclusion.
Russia’s War on Ukraine Will Leave Scars on U.S., World Economies
The conflict may alter the global economic and geopolitical order, leading to a new era of deglobalization.
Modern Refineries, Shale Boom Upend Traditional Oil Price Relationships
Different crude oils can sell for dramatically different prices with sometimes far-reaching effects on the energy industry—from impacts on oil producers’ production decisions to oil refineries’ profit margins.
Energy Financing Trends Consistent with Renewables’ Growth
Equity markets appear to favor renewable-energy producers relative to their hydrocarbon counterparts. However, the relatively smaller size of many renewables projects complicates direct comparisons of bank lending to hydrocarbon and renewable entities.
Journal Article
Lifting the U.S. Crude Oil Export Ban: Prospects for Increasing Oil Market Efficiency
Repealing the U.S. ban on crude oil exports led to increased trade and efficiency in the oil market.
What Can Be Learned from the Persistent Electric Power Outages in Texas?
Texas suffered massive power outages during unusually cold temperatures in February. Millions of households lost access not only to power but also to heat and water for days—a situation that was foreseeable and could have been avoided.
Falling Oil Prices Drag Down U.S. Business Investment
The dramatic decline in the price of oil has led to massive investment reductions by U.S. oil and gas producers.
An Assessment of Economic Conditions and the Stance of Monetary Policy
In his latest essay, posted on Dallas Fed Economics, President Rob Kaplan provides his assessment of current economic conditions, the outlook for the energy industry, and the current stance of monetary policy.