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Economic Indicators of the College Station-Bryan MSA, July 2021
(Private Enterprise Research Center, Texas A&M University, 2021-07-15)
The Business-Cycle Index increased by 0.7% from April 2021 to May 2021. The revised local unemployment rate decreased from 5.3% to 5.2% in May. Local nonfarm employment increased slightly by 0.8% in May and was 4.3% below ...
The Federal Reserve In Two Crises
(Private Enterprise Research Center, Texas A&M University, 2020-11-16)
The country has experienced two economic crises in the first two decades of the 21st century, but there are significant differences between the 2008 crisis and the 2020 crisis caused by the pandemic. In this policy study, ...
Economic Indicators of the College Station-Bryan MSA, November 2018
(Private Enterprise Research Center, Texas A&M University, 2018-11-19)
The Business-Cycle Index rose at an annualized rate of 4.1%, still above the long-run average growth rate but down slightly from the growth rate for August. The unemployment rate was unchanged in September, remaining at ...
Interview with Jonathan Meer
(Private Enterprise Research Center, Texas A&M University, 2021-10-01)
As part of PERC's interview series, Jonathan Meer discusses his recent teaching awards, perspective on teaching undergraduates, wealth inequality, and future research in this issue of PERCspectives on Research.
State Dependence of Monetary Policy Across Business, Credit and Interest Rate Cycles
(Private Enterprise Research Center, Texas A&M University, 2020-04-28)
In this paper, PERC Professor Sarah Zubairy, along with co-authors Sami Alpanda and Eleonora Granziera study how phases of the business, credit and interest rate cycles affect the transmission of monetary policy using ...
The Probability Premium Approach to Comparative Risk Aversion
(Private Enterprise Research Center, Texas A&M University, 2015-04-23)
In the framework of expected utility, nth-degree risk aversion/loving is unequivocally characterized by the sign of the nth-order derivative of the utility function, but there exist different notions of one decision maker ...
Household Debt and the Effects of Fiscal Policy
(Private Enterprise Research Center, Texas A&M University, 2021-11-02)
This paper examines how the effects of government spending shocks depend on the balance-sheet position of households. Employing U.S. household survey data, the authors find that in response to a positive government spending ...
Pandemic Misery Index: States and Texas MSAs
(Private Enterprise Research Center, Texas A&M University, 2020-09-25)
How does Texas’ response to the coronavirus pandemic compare to that of other states? In this issue of PERCspectives on Policy, Dennis W. Jansen, Carlos I. Navarro, and Andrew J. Rettenmaier discuss which states, and ...
Homeownership and Housing Transitions: Explaining the Demographic Composition
(Private Enterprise Research Center, Texas A&M University, 2019-06-03)
The homeownership rate was relatively stable for the few decades preceding 1995, followed by a large increase between 1995-2005 and a subsequent decline over the next ten years. Authors Eunseong Ma and Sarah Zubairy document ...
Almost Stochastic Dominance: Magnitude Constraints on Risk Aversion
(Private Enterprise Research Center, Texas A&M University, 2021-06-01)
Almost stochastic dominance (ASD) extends conventional first and second degree stochastic dominance by placing restrictions on the variability in the first and second derivatives of utility. Such restrictions increase the ...