Breaking out of recession: gauging Texas’ response to Fed stimulus
From the time the U.S. recession began in December 2007 through the subsequent recovery, Texas and the Eleventh Federal Reserve District have outperformed the nation.While economic activity is better in Texas, it remains far from robust. And though Texas employment hasn’t fully reclaimed levels reached before the crisis, the other 11 Federal Reserve districts remain 3 to 8 percent below predownturn employment peaks as a postrecessionary disquiet lingers.
New tool gauges impact of exchange rates on states
States with relatively more employment tied to international trade are increasingly likely to be sensitive to exchange rate movements, and face sharply different effective exchange rate shifts, often provoked by economic or financial crises. ; Analysts need a tool to more effectively gauge the sometimes varied impact of exchange rate movements on states. In this article, we introduce a measure that compares the value of the dollar against the currencies of countries with which each of the 50 states trade--the real trade-weighted value of the dollar (RTWVD) index. ; To assess the impact of exchange rates on states, the RTWVD weights the U.S. dollar exchange rate with various countries based on a state's share of exports. It is a "real" measure because it adjusts the exchange rate for different rates of inflation. The index will allow analysts to more precisely identify the exchange rates that most affect a state's economy.
FURUTA INEQUALITY AND ITS RELATED TOPICS
This article is devoted to a brief survey of Furuta inequality and its related topics. It consists of 4 sections: 1. From Lowner-Heinz inequality to Furuta inequality, 2. Ando-Hiai inequality, 3. Grand Furuta inequality, and 4. Chaotic order.