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  • Energy Indicators

    Prices for West Texas Intermediate (WTI) crude oil went up in January to a three-year high. Permian Basin crude oil production continued to increase as the oil rig count continues to rise.

    February 15, 2018

  • Globalization Institute Working Paper

    Optimal Monetary Policy Under Bounded Rationality

    Optimal monetary policy under discretion, commitment, and optimal simple rules regimes is analyzed through a behavioral New Keynesian model. Flexible price level targeting dominates under discretion; flexible inflation targeting dominates under commitment; and strict price level targeting dominates when using optimal simple rules.

    February 14, 2018

  • U.S. Economic Data

    Market Value of U.S. Government Debt

    For many uses, market value more accurately represents the debt burden faced by the U.S. government than the par value. The par value of government debt, which is reported by the U.S. Treasury Department, reflects interest rates at the time the debt was issued while the market value is adjusted to reflect market interest rates as of the observed period. Federal Reserve Bank of Dallas researchers calculated the market value of U.S. government debt series until October 2010.

    February 12, 2018

  • Mexico Economic Update

    Mexico Economic Growth Rebounds in Fourth Quarter

    Mexico’s economic output recovered sharply in the fourth quarter, rising 4.1 percent after falling in the third quarter as a result of the September earthquakes.

    February 09, 2018

  • International Economic Update

    Global Growth Outlook Reflects Sustained Recovery

    Global growth accelerated in 2017, supported by strengthening labor markets and external demand. Although inflation concerns among advanced countries abated, risks remain and are mostly tilted to the downside.

    February 06, 2018

  • Texas Economic Update

    Thriving Texas Economy Expands Broadly

    The Texas economy continues its broad expansion. Texas employment growth accelerated in the fourth quarter and was strong across most metros and industries.

    February 05, 2018

  • U.S. Economic Update

    Data Point to Momentum in GDP Growth as Year Begins

    U.S. economic growth slowed in fourth quarter 2017 following two strong quarters.

    February 02, 2018

  • Trimmed Mean PCE Inflation Rate

    Behind the Numbers: PCE Inflation Update, December 2017

    The headline, or all-items, PCE price index rose at a 1.3 percent annualized rate in December, as a sharp decline in gasoline prices weighed on the headline index.

    February 02, 2018

  • Economic Letter, Vol. 13, No. 2

    Global Interfirm Network Reveals Centrality of U.S. and Financial Sector

    While there is evidence of direct contagion passing between firms in the global interfirm network, there are also indications that connectedness plays a role in a reduced likelihood of firm distress and improved performance.

    February 02, 2018

  • Research Publications

    The Death of the Phillips Curve?

    Are inflation dynamics well captured by Phillips Curve models, or has this framework become less relevant over time? The evidence for the U.S. suggests that the slopes of the price and wage Phillips Curves– the short-run inflation-unemployment trade-offs – are low and have got a little flatter.

    February 02, 2018

  • Globalization Institute

    Current Account Dynamics under Information Rigidity and Imperfect Capital Mobility

    The current account in developed countries is highly persistent and volatile in comparison to output growth. The standard intertemporal current account model with rational expectations (RE) fails to account for the observed current account dynamics together with persistent changes in consumption.

    February 02, 2018

  • Globalization Institute

    Can Trend Inflation Solve the Delayed Overshooting Puzzle?

    We develop an open economy New Keynesian model with heterogeneity in price stickiness and positive trend inflation. The main insight of our analysis is that, in the presence of heterogeneity in price stickiness, there is a strong link between trend inflation and the timing of the peak response of the real exchange rate to a monetary policy shock.

    February 02, 2018

  • Globalization Institute

    Structural Change and Global Trade

    Since 1970, services has risen from 50 percent of the world’s final consumption expenditures to nearly 80 percent. Services are also far less traded between countries than goods. Thus, as consumers become more service-oriented, the world will become “less open”, affecting international trade volumes.

    February 02, 2018

  • Austin Economic Indicators

    Austin economic growth remained robust in December. The Austin Business-Cycle Index accelerated as job growth remained above trend and the unemployment rate held at a very low level.

    February 01, 2018

  • Houston Economic Indicators

    Economic data were mostly positive for Houston in December. Employment grew, and business-cycle and leading indexes were indicative of healthy economic output and future growth. Construction and real estate metrics were mixed but pointed to a tighter housing market and increased construction ahead. Overall, the outlook for Houston remains positive.

    January 30, 2018

  • Texas Economy

    Texas Service Sector Activity Continues to Expand but at Slower Pace

    Texas service sector activity continued to increase in January, albeit at a slower pace than last month, according to business executives responding to the Texas Service Sector Outlook Survey.

    January 30, 2018

  • U.S. Economy

    Trimmed Mean PCE Inflation Rate

    The Trimmed Mean PCE inflation rate for November was an annualized 2.2 percent. According to the BEA, the overall PCE inflation rate for November was 2.8 percent, annualized, while the inflation rate for PCE excluding food and energy was 0.9 percent.

    January 29, 2018

  • Texas Economy

    Texas Manufacturing Outlook Survey

    Texas factory activity continued to expand in January, according to business executives responding to the Texas Manufacturing Outlook Survey.

    January 29, 2018

  • San Antonio Economic Indicators

    The San Antonio economy expanded at a robust pace in December. The San Antonio Business-Cycle Index grew at its fastest pace since early 2015.

    January 26, 2018

  • El Paso Economic Indicators

    El Paso economic activity continues to climb. Maquiladoras in Ciudad Juárez are still adding jobs, and trade through the El Paso port of entry is steady. Home sales in El Paso remain robust, near all-time highs.

    January 26, 2018

  • Dallas-Fort Worth Economic Indicators

    The Dallas–Fort Worth economy expanded modestly in December. The Dallas and Fort Worth business-cycle indexes continued to grow at year end, posting solid growth in 2017.

    January 24, 2018

  • Texas Economic Indicators

    The Texas economy strengthened in 2017. Though Texas employment growth was slower than expected in December, the Texas Leading Index strengthened.

    January 22, 2018

  • Economic Letter, Vol. 13, No. 1

    Texas Job Growth Swings More with Services than Oil

    As the Texas economy diversified after the 1980s oil bust, the link between overall economic growth and the oil and gas sector weakened.

    January 19, 2018

  • Texas Economy

    Texas Employment Forecast

    Incorporating December employment growth of 0.6 percent and leading index data, the Texas Employment Forecast suggests jobs will grow 2.8 percent this year (December/December), with an 80 percent confidence band of 1.2 to 4.4 percent.

    January 19, 2018

  • Permian Basin Economic Indicators

    Employment in the Permian Basin increased slightly, while unemployment inched up. Production continued its strong trajectory as the rig count continued to tick up.

    January 18, 2018

  • Energy Indicators

    Indicators for the Texas oil and gas sector continued to improve in December. Prices for West Texas Intermediate (WTI) crude oil rose in December. Texas oil and gas employment expanded further in November, marking 10 consecutive months of increases.

    January 18, 2018

  • Reports on Regional Economic Activity

    Eleventh District Beige Book

    Economic activity grew robustly, a pickup in pace from the more moderate expansion seen throughout most of 2017. The manufacturing sector remained a bright spot, although growth accelerated in most other sectors as well.

    January 17, 2018

  • International Economic Data

    International House Price Database

    The international house price database comprises quarterly house price and personal disposable income (PDI) series for a number of countries.

    January 12, 2018

  • News Releases

    Texas Economy ‘Firing on all Cylinders,’ says Dallas Fed Economist; State Projected to add 366,000 Jobs in 2018

    Texas job growth is forecast to strengthen to 3 percent in 2018 from an estimated 2.5 percent in 2017, said Federal Reserve Bank of Dallas assistant vice president and senior economist Keith Phillips today in San Antonio.

    January 09, 2018

  • Austin Economic Indicators

    Economic growth in Austin was robust in November. The Austin Business-Cycle Index accelerated as jobs remained strong and the unemployment rate held at a very low level.

    January 05, 2018

  • Houston Economic Indicators

    Houston economic activity continued to improve in November. The Houston Business-Cycle Index ticked up, employment totals surpassed pre-hurricane levels, and mining-related employment increased.

    January 04, 2018

  • Regional Economy

    Agricultural Survey

    Bankers responding to the fourth-quarter survey noted conditions had turned dry again across a number of regions.

    January 02, 2018

  • Globalization Institute

    Demographics and the Evolution of Global Imbalances

    The working age share of the population has evolved, and will continue to evolve, asymmetrically across countries. This paper develops a dynamic, multicountry, Ricardian trade model with endogenous labor supply to quantify how these asymmetries systematically affect the pattern of trade imbalances across 28 countries from 1970 to 2014.

    December 29, 2017

  • San Antonio Economic Indicators

    The San Antonio economy continued to grow at a steady pace in November. The San Antonio Business-Cycle Index expanded above trend as jobs grew and the area unemployment rate stayed at a very low level.

    December 28, 2017

  • Surveys

    Dallas Fed Energy Survey

    Business activity gained momentum in the fourth quarter, according to oil and gas executives responding to the Dallas Fed Energy Survey.

    December 28, 2017

  • Texas Economic Indicators

    Texas economic growth was robust in November. The state posted strong job gains, and the unemployment rate fell to a record low for the second month in a row.

    December 27, 2017

  • El Paso Economic Indicators

    Economic activity in El Paso remains solid. Maquiladoras in Ciudad Juárez continue to add jobs, and trade through the port remains steady. Home sales in El Paso remain robust, near all-time highs.

    December 27, 2017

  • Dallas-Fort Worth Economic Indicators

    The Dallas–Fort Worth economy expanded at a rapid clip in November. The Dallas and Fort Worth business-cycle indexes continued to post above-trend gains, as job growth was strong.

    December 27, 2017

  • Texas Economy

    Texas Service Sector Activity Strengthens Further

    Texas service sector activity increased again in November, according to business executives responding to the Texas Service Sector Outlook Survey.

    December 27, 2017

  • Texas Economy

    Texas Manufacturing Outlook Survey

    Texas factory activity expanded strongly in December, according to business executives responding to the Texas Manufacturing Outlook Survey.

    December 26, 2017

  • Trimmed Mean PCE Inflation Rate

    Behind the Numbers: PCE Inflation Update, November 2017

    The headline, or all-items, PCE price index rose at a 2.8 percent annualized rate in November following a 1.8 percent increase in October.

    December 22, 2017

  • Mexico Economic Update

    Economic Outlook Stable Despite Weaker Third-Quarter Data

    The consensus Gross Domestic Product (GDP) growth forecast for 2018 remained at 2.3 percent despite a downward revision of third quarter 2017 growth. Forecasters are predicting a bounce back in activity in the fourth quarter.

    December 22, 2017

  • Energy Indicators

    Positive signs are continuing for the Texas oil and gas sector. Prices for West Texas Intermediate (WTI) crude oil rose in November. Texas oil and gas employment expanded further in October, marking nine consecutive months of increases.

    December 21, 2017

  • Permian Basin Economic Indicators

    Employment in the Permian Basin inched up in October while the unemployment rate fell. In November, Permian Basin production continued to expand while the rig count remained relatively stable.

    December 21, 2017

  • Research Publications

    Why Haven’t Regional Wages Converged?

    Regional wage convergence has long been predicted across the United States as barriers to factor mobility have fallen, yet there is little evidence (apart from a brief period in the 1970s and 1980s) that convergence has actually occurred. Why not?

    December 21, 2017

  • U.S. Economic Update

    High Growth and Steady Inflation Mark End of 2017

    The general economic picture at year-end 2017 is little changed from earlier in the year, with growth, employment and business confidence remaining strong.

    December 20, 2017

  • Research Publications

    Southwest Economy

    The latest Southwest Economy looks at the ACA's impact in Texas, Houston’s forecast post-Harvey and nonbank finance firms in Mexico.

    December 20, 2017

  • Texas Economic Update

    Texas Economy Finishes the Year Firing on All Cylinders

    The Texas economy continues to expand at a steady pace as payroll employment rebounds strongly in the wake of Hurricane Harvey. The Texas Business Outlook Surveys suggest continued growth in the state’s manufacturing and service sectors.

    December 20, 2017

  • International Economic Update

    Global Economy Expands During Third Quarter

    Third-quarter gross domestic product (GDP) data suggest increased real (inflation-adjusted) global economic activity. World (excluding U.S.) GDP grew 3.4 percent on a year-over-year basis in the third quarter.

    December 19, 2017

  • Crossroads—Economic Trends in the Desert Southwest, Issue 1, 2017

    El Paso Booms, Headwinds Increase

    Despite the recent sluggishness in the Texas economy, El Paso has had one of its strongest economic performances in the last two years. Local job growth outpaced the state and the nation in both 2015 and 2016.

    December 18, 2017

  • Energy Update

    OPEC Extends Cuts, Opening Door for U.S. to Gain Further Market Share

    OPEC and some non-OPEC countries have agreed to extend their output cuts through next year despite losing market share. Crude oil prices have increased roughly 15 percent over the fourth quarter on the back of geopolitical turmoil in the Middle East and in anticipation of the agreement.

    December 18, 2017

  • Economic Letter

    Brexit Through the Gift Shop: No Refunds

    The effects of Brexit through higher barriers to trade could cost British households the equivalent of 428 British pounds annually or $580 in 2016 prices.

    December 15, 2017

  • Austin Economic Indicators

    The Austin economy expanded at a robust pace in October. The Austin Business-Cycle Index continued to grow above its long-term rate, as jobs remained strong and the unemployment rate reached its lowest level since the late 1990s.

    December 08, 2017

  • Community Outlook Series Issue 2

    The CRA at 40: Law Remains a Cornerstone of Community Development

    The second issue of the Community Outlook Series, which uses survey data and qualitative interviews to assess the successes and challenges of low-and moderate-income Texans.

    December 07, 2017

  • Research Publications

    Industry Effects of Oil Price Shocks: Re-examination

    Sectoral responses to oil price shocks help determine how these shocks are transmitted through the economy.

    December 05, 2017

  • Publications

    Financial Insights

    Financial Insights is published periodically to share timely economic topics of interest to financial institutions.

    December 04, 2017

  • Economic Letter

    Demand Shocks Fuel Commodity Price Booms and Busts

    Demand shocks due to rapid industrialization have driven commodity price booms throughout history. As periods of industrialization lose steam and supply catches up, busts follow after about 10 years.

    December 01, 2017

  • Financial Insights

    What’s ‘Driving’ Household Debt?

    This article investigates questions on household debt and looks deeper into automobile debt and delinquencies for both the U.S. and the Eleventh Federal Reserve District by analyzing data from the New York Fed Consumer Credit Panel/Equifax.

    December 01, 2017

  • Trimmed Mean PCE Inflation Rate

    Behind the Numbers: PCE Inflation Update, October 2017

    The headline, or all-items, PCE price index rose at a 1.7 percent annualized rate in October, following a 4.9 percent increase in September.

    November 30, 2017

  • Houston Economic Indicators

    Recovery from Hurricane Harvey was evident in October data. Employment bounced back, job ads improved, and leading indexes were neutral to positive for job growth ahead.

    November 30, 2017

  • Reports on Regional Economic Activity

    Eleventh District Beige Book

    Economic activity grew moderately, and business had mostly returned to normal after Hurricane Harvey. The manufacturing sector remained a bright spot, and nonfinancial services activity continued to expand.

    November 29, 2017

  • Texas Economy

    Texas Service Sector Activity Strengthens Further

    Texas service sector activity increased again in November, according to business executives responding to the Texas Service Sector Outlook Survey.

    November 28, 2017

  • Essay by President Robert S. Kaplan

    A Balanced Approach to Monetary Policy

    In a new essay, Robert S. Kaplan provides a synopsis of his current views regarding economic conditions and U.S. monetary policy.

    November 27, 2017

  • Texas Economy

    Texas Manufacturing Outlook Survey

    Texas factory activity continued to expand in November, according to business executives responding to the Texas Manufacturing Outlook Survey.

    November 27, 2017

  • San Antonio Economic Indicators

    The San Antonio economy grew at a steady pace in October. The San Antonio Business-Cycle Index expanded above trend as jobs surged and the area unemployment rate declined to a 16-year low.

    November 24, 2017

  • Conference Proceedings

    NAFTA at 20: Effects on the North American Market

    Newly released and updated proceedings of the 2014 conference that brought together leading academic and government researchers who explored the realities of the landmark trade agreement. This volume contains summaries of papers and studies presented during the conference.

    November 22, 2017

  • El Paso Economic Indicators

    Economic activity in El Paso remains solid. Maquiladora activity in Ciudad Juárez is healthy, and the El Paso housing market stayed strong, with sales near all-time highs.

    November 22, 2017

  • Dallas-Fort Worth Economic Indicators

    The Dallas–Fort Worth economy continued to expand in October, with business-cycle indexes posting above-trend growth and payroll employment climbing in both metros.

    November 21, 2017

  • Texas Economic Indicators

    The Texas economy strengthened in October. The state posted strong job gains, and the unemployment rate fell to a record low.

    November 21, 2017

  • Economic Letter

    Real-time Data Inaccuracies Pose Challenges to Gauging the Oil Market

    Initial estimates of global oil market balance, or the implied change in global inventories, are frequently used to identify supply shortages or surpluses. These have important implications for future oil prices.

    November 21, 2017

  • Globalization Institute

    Global Spillover Effects of US Uncertainty

    We study spillover effects of US uncertainty fluctuations using panel data from fifteen emerging market economies (EMEs). A US uncertainty shock negatively affects EME stock prices and exchange rates, raises EME country spreads, and leads to capital outflows from them.

    November 20, 2017

  • Economic Indicators

    Permian Basin Economic Indicators, November 2017

    Employment in the Permian Basin continued to grow in September while the unemployment rate fell. Permian Basin energy indicators were a mixed bag as the rig count contracted but production continued to expand.

    November 16, 2017

  • Energy Indicators

    Positive signs are starting to reappear for the Texas oil and gas sector. Prices for West Texas Intermediate (WTI) crude oil rose in October. Texas oil and gas employment expanded further in September, marking eight consecutive months of increases.

    November 16, 2017

  • Mexico Economic Update

    Mexico Posts Negative Growth in Third Quarter

    Mexico’s economy contracted an annualized 0.8 percent in the third quarter, in part due to the economic disruption following two major earthquakes. Nevertheless, forecasters are predicting a bounceback in the fourth quarter.

    November 16, 2017

  • Southern New Mexico Economic Indicators

    Employment in Las Cruces remained relatively unchanged in the first nine months of the year. Home sales continue to show strength, and prices have ticked up. Trade through Santa Teresa has rebounded from a year ago, driven by gains in both imports and exports.

    November 10, 2017

  • Economic Letter

    China’s Capital Controls Appear to Arrest Flight, Stabilize Currency

    China’s yuan and balance of payments appear to have stabilized by early 2017. Controls on capital outflows may have been a key factor that averted a full-blown financial crisis in the country.

    November 10, 2017

  • Texas Economic Update

    Texas Economy Resilient to Storm Effects

    Texas lost fewer jobs than expected in September as a result of Hurricane Harvey, and post-hurricane data from the Texas Business Outlook Surveys (TBOS) point toward a rapid recovery from the storm.

    November 10, 2017

  • U.S. Economic Update

    U.S. Expansion Stays on Steady Course

    Despite recent hurricanes, economic data released since late September point to steady economic growth and underlying momentum through year-end and into 2018.

    November 06, 2017

  • Globalization Institute

    Geographic Inequality of Economic Well-being among U.S. Cities: Evidence from Micro Panel Data

    This paper analyzes the geographic inequality of economic well-being among U.S. cities by utilizing a novel measure of quantity based product-level economic well-being, i.e., the number of goods and services that can be purchased by consumers with an average city wage.

    November 06, 2017

  • Trimmed Mean PCE Inflation Rate

    Behind the Numbers: PCE Inflation Update, September 2017

    The headline, or all-items, PCE price index rose at a 4.6 percent annualized rate in September, following a 2.5 percent increase in August.

    November 03, 2017

  • Economic Letter

    Fed’s Effective Lower Bound Constraint on Monetary Policy Created Uncertainty

    Uncertainty about the economy increased when the Fed reduced the federal funds rate to its effective lower bound because the constraint restricted the Fed’s ability to stabilize the economy.

    November 03, 2017

  • International Economic Update

    Global Outlook Continues Improving

    World gross domestic product (GDP) edged up in the second quarter, thanks to improvement in both advanced and emerging economies.

    November 03, 2017

  • Austin Economic Indicators

    The Austin economy expanded at a robust pace in September. The Austin Business-Cycle Index grew above its long-term trend, buoyed by strong job growth and a further decline in the area unemployment rate. Trade data for 2016 show that Austin exports continued to rise even as they declined for the state overall.

    November 02, 2017

  • El Paso Economic Indicators

    Economic activity in El Paso remains solid. Nonfarm employment continued to climb in September. Maquiladora activity in Ciudad Juárez is healthy, and the El Paso housing market remains strong, with sales near all-time highs.

    November 01, 2017

  • Research Publications

    Does Medicaid Generosity Affect Household Income?

    Using a Regression Kink Design (RKD) framework, this paper takes a uniquely different approach to the identification of the effect of Medicaid generosity on household income.

    October 31, 2017

  • Houston Economic Indicators

    Hurricane Harvey significantly affected economic activity in Houston at the end of August and through a good portion of September. Available data indicate that recovery is well underway for some sectors.

    October 31, 2017

  • Globalization Institute

    Monetary Rule, Central Bank Loss and Household’s Welfare: an Empirical Investigation

    This paper uses Bayesian estimations to evaluate the Smets and Wouters (2007) model under nine monetary policy rules with U.S. data ranging from 1955 to 2017 and over three different sub-periods.

    October 31, 2017

  • Globalization Institute

    Monetary Policy Divergence, Net Capital Flows, and Exchange Rates: Accounting for Endogenous Policy Responses

    This paper measures the effect of monetary tightening in key advanced economies on net capital flows and exchange rates around the world.

    October 31, 2017

  • Texas Economy

    Texas Service Sector Activity Picks Up

    Texas service sector activity increased again in October, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, rose from 15.9 in September to 19.2 in October, its highest reading this year.

    October 31, 2017

  • Texas Economy

    Texas Manufacturing Outlook Survey

    Texas factory activity expanded at a faster pace in October, according to business executives responding to the Texas Manufacturing Outlook Survey.

    October 30, 2017

  • San Antonio Economic Indicators

    The San Antonio economy continued to grow at a brisk pace in September. The San Antonio Business-Cycle Index expanded above trend, as jobs grew moderately and the area unemployment rate declined.

    October 26, 2017

  • Dallas-Fort Worth Economic Indicators

    The Dallas–Fort Worth economy strengthened in September. The Dallas and Fort Worth business-cycle indexes expanded further. Job gains were solid last month, and unemployment in both metros fell to its lowest level in a year, pointing to further tightening in labor markets.

    October 24, 2017

  • Texas Economic Indicators

    Texas economic indicators were mixed in September. Employment contracted as a result of the impact of Hurricane Harvey, and exports and existing-home sales weakened in August.

    October 23, 2017

  • Energy Indicators

    Prices for both West Texas Intermediate (WTI) crude oil and Henry Hub natural gas rose slightly in September. The WTI–Brent spread widened to the highest level since March 2015 as crude inventories at Cushing rose.

    October 19, 2017

  • Reports on Regional Economic Activity

    Eleventh District Beige Book

    The Eleventh District economy continued to expand at a moderate pace over the past six weeks, and most contacts do not expect significant long-term disruption due to Hurricane Harvey.

    October 18, 2017

  • Essay by President Robert S. Kaplan

    Impact of Hurricane Harvey and a Discussion of Key Structural Drivers Affecting U.S. Monetary Policy

    In a new essay, Robert S. Kaplan provides a synopsis of his current views regarding the economic impact of Hurricane Harvey as well as economic conditions and U.S. monetary policy.

    October 17, 2017

  • Economic Letter

    Global and National Shocks Explain a Large Share of State Job Growth

    Global and U.S. national shocks on average appear to equally explain more than half of the fluctuations in state employment growth, an important measure of assessing real economic activity. The overall assessment, however, conceals a wide variation among states.

    October 13, 2017

  • Economic Indicators

    Permian Basin Economic Indicators, October 2017

    Permian Basin employment grew in August, and the unemployment rate ticked up. During September, estimated oil production and the rig count rose as did the average monthly price per barrel of West Texas Intermediate crude oil.

    October 11, 2017

  • Research Publications

    The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy: A General Equilibrium Analysis

    This paper examines the effects of the U.S. shale oil boom in a two-country DSGE model where countries produce crude oil, refined oil products, and a non-oil good. The model incorporates different types of crude oil that are imperfect substitutes for each other as inputs into the refining sector.

    October 11, 2017

  • Energy Update

    2018 Outlook Unchanged Despite Harvey Impacts

    The destructive hurricane season that impacted the U.S. and Caribbean this year also threatened the oil and gas sector across the Gulf Coast. Yet only Hurricane Harvey substantially affected the sector, and many of Harvey’s effects are already fading.

    October 06, 2017