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The College Station-Bryan Economy Presentation, Updated 10/26/2022
(Private Enterprise Research Center, Texas A&M University, 2022-11-04)
The presentation includes information on: The College Station-Bryan Business-Cycle Index, Business-Cycle, nonfarm employment, taxable sales, and unemployment rates through August 2022; Real total wages through the first ...
Economic Indicators of the College Station-Bryan MSA, January 2022
(Private Enterprise Research Center, Texas A&M University, 2022-01-24)
The Business-Cycle Index increased by 0.8% from October to November 2021. The local unemployment rate decreased to 3.9% in November from 4.0% in October. Local nonfarm employment increased slightly by 0.4% in November and ...
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 ...