Journal Article
Revising the Texas index of leading indicators
Phillips, Keith R.; Lopez, Jose Joaquin (2007-11)
The Texas Leading Index (TLI), produced monthly by the Federal Reserve Bank of Dallas, combines eight measures that tend to anticipate changes in the Texas business cycle by about three to nine months.. ; The TLI was first published in the Dallas Fed?s Economic Review in July 1988. The index?s approaching 20th anniversary provides an apt occasion to review its real-time performance and look at ways it might be improved to keep up with the changing structure of the Texas economy and the availability of new data sources. ; We find that the TLI performed well in the one recession since 1990 and, ...
Southwest Economy , Issue Nov , Pages 3-7

Journal Article
Economic statistics: new needs for the twenty-first century - opening remarks
Stewart, Jamie B. (2003-09)
The purpose of this conference was to deepen our understanding of some of the key conceptual issues current facing those charged with measuring the performance of the U.S. economy and other economies around the globe. The speakers discussed recent efforts to improve economic and financial data and explore strategies for meeting the challenges that lay ahead. The conference focused on four key areas: 1) the measurement of intangible capital, 2) the measurement of service sector output, prices and productivity, 3) the measurement of international capital positions and flows, and 4) the use of ...
Economic Policy Review , Issue Sep , Pages 3-4

Journal Article
The 2001 recession and the Chicago Fed National Index: identifying business cycle turning points
Pham-Kanter, Genevieve; Liu, Chin Te; Evans, Charles L. (2002-07)
The initial release of the Chicago Fed National Activity Index (CFNAI) in early 2001 pointed to the very real possibility that the U.S. economy was teetering on the brink of recession. This article quantifies the statistical ability of the CFNAI to act as an early warning indicator of economic recessions. In simulation experiments, the CFNAI performed virtually as well as the statistical model's ideal measure of the business cycle.
Economic Perspectives , Volume 26 , Issue Q III , Pages 26-43

Journal Article
Economic statistics: new needs for the twenty-first century
anonymous (2003-09)
Selected Papers from a Conference Cosponsored by the Federal Reserve Bank of New York, the Conference on Research in Income and Wealth, and the National Association for Business Economics, July 11, 2002. Beverly Hirtle examines the market risk capital figures reported to regulators by U.S. bank holding companies (BHCs) to assess the extent to which such disclosures provide meaningful information about bank risk. The study by Michael J. Fleming finds that the commonly used bid-ask spread--the difference between bid and offer prices--is a useful tool for assessing and tracking liquidity in the ...
Economic Policy Review , Issue Sep

Journal Article
Index problems
Runyon, Herbert (1980)
FRBSF Economic Letter

Journal Article
Leading economic indexes for New York State and New Jersey
Rich, Robert W.; Orr, James A.; Rosen, Rae D. (2001-03)
The authors develop indexes of leading economic indicators for New York State and New Jersey over the 1972-99 period. They find that the leading indexes convey useful information about the future course of economic activity in both states. The authors then construct separate indexes to forecast recessions and expansions in each state. The movements of the recession and expansion indexes are found to display a close relationship with the behavior of the leading indexes. Accordingly, the recession and expansion indexes allow the authors to extend the informational content of the leading indexes ...
Economic Policy Review , Issue Mar , Pages 73-94

Journal Article
Indexing inflation: remedy or malady?
Gennaro, Vincent A. (1975-03)
Business Review , Issue Mar , Pages 3-15

Journal Article
Measuring inflation
McElhattan, Rose (1980)
FRBSF Economic Letter

Speech
Comments on 'Financial Conditions Indexes: A New Look after the Financial Crisis'
Dudley, William (2010)
Remarks at the University of Chicago Booth School of Business Annual U.S. Monetary Policy Forum, New York City.
Speech , Paper 16

Journal Article
Two new indexes offer a broad view of economic activity in the New York - New Jersey region
Rosen, Rae D.; Rich, Robert W.; Orr, James A. (1999-10)
The authors develop two coincident indexes that provide a comprehensive measure of economic activity in New Jersey, New York State, and New York City.
Current Issues in Economics and Finance , Volume 5 , Issue Oct