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Coronavirus and the Economy Presentation, Updated 7/16
(Private Enterprise Research Center, Texas A&M University, 2020-07-16)
This presentation focuses on the coronavirus pandemic and its impact on College Station-Bryan and the state of Texas. The attached presentation includes information on: Updated national unemployment insurance claims for ...
Economic Indicators of the College Station-Bryan MSA, February 2021
(Private Enterprise Research Center, Texas A&M University, 2021-02-22)
The Business-Cycle Index increased by 1.8% from November to December 2020. The local unemployment rate decreased to 5.4% in December from 5.9% in November and remained the second-lowest rate among Texas metros. Local nonfarm ...
Money and Banking When Reserves Pay Interest
(Private Enterprise Research Center, Texas A&M University, 2020-04-09)
The Federal Reserve’s decision in 2008 to begin paying interest on bank reserves, particularly excess reserves (the IOER), has changed the role of the banking system and the determination of the nation’s money supply. ...
Social Security Wealth and Federal Liabilities
(Private Enterprise Research Center, Texas A&M University, 2021-02-15)
In the U.S., wealth inequality has risen in recent years. However, past estimates of wealth inequality tend to ignore Social Security benefits – even though these accrued benefits are almost 40% of the size of conventional ...
Markov Switching Rationality
(Private Enterprise Research Center, Texas A&M University, 2022-05-23)
The authors propose novel tests for the detection of Markov switching deviations from forecast rationality. Existing forecast rationality tests either focus on constant deviations from forecast rationality over the full ...
Economic Indicators of the College Station-Bryan MSA, December 2022
(Private Enterprise Research Center, Texas A&M University, 2022-12-15)
The Business-Cycle Index increased 0.3% from September 2022 to October 2022. The local unemployment rate remained the same at 3.1% in October 2022, October’s local nonfarm employment increased by 0.4% from September. ...
Generosity Across the Income and Wealth Distributions
(Private Enterprise Research Center, Texas A&M University, 2020-06-29)
Despite widespread interest, there is little systematic evidence on the relationship between income, wealth, and charitable giving. Although the media suggests that the well-off are stingy, the misuse of data, incomplete ...
Economic Indicators of the College Station-Bryan MSA, April 2022
(Private Enterprise Research Center, Texas A&M University, 2022-04-25)
The Business-Cycle increased 0.3% from January 2022 to February 2022. The local unemployment rate for February remained the same as in January at 3.7%. Local nonfarm employment in February decreased slightly from January ...
Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications
(Private Enterprise Research Center, Texas A&M University, 2020-06-29)
With aging societies, policymakers have increasingly focused on pension retrenchment reforms in recent years to keep their pension systems solvent. PERC Professor Sarah Zubairy and co-author Huixin Bi explore the evolution ...
The Pandemic Federal Reserve: The First Two Years
(Private Enterprise Research Center, Texas A&M University, 2022-06-07)
Due to the Covid-19 pandemic, developed world governments engaged in unprecedented spending. Federal Reserve securities holdings were an astounding 36.5% of the nation’s Gross Domestic Product after two pandemic years. ...