US
Latest Releases
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05/07/2012
Consumer Credit: Monthly Situation Report
Seasonally-adjusted consumer credit jumped $21.3bn in March, reflecting the largest monthly gain in more than a decade
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Reports
Central Banks
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05/09/2012 Scenarios for the Federal ReserveA Review of FOMC Options for Action |
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04/30/2012 The Fed is not the BorgBernanke’s old policy recommendations went unused for practical reasons, not conservatism |
Economic Analysis
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05/08/2012 Job Openings and Labor TurnoverEnduring Demand and Supply Shortages in the Job Market |
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05/07/2012 Exchange Rate Fundamentals Part IISecond in a Series on Equilibrium Exchange Rates. Many countries’ spot rates subject to regime shifts, structural breaks and in general require close examination of fluctuation tests |
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05/07/2012 Monthly US OutlookRecovery Sensitive to Slowing Activity in 2Q12 |
Regional Analysis
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04/25/2012 State Activity Indexes March 2012In March, state activity in the majority of the country was either average or above. Although growth was positive in all 50 states, it slowed in a majority of the country as 35 states decelerated |
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04/04/2012 State Activity Indexes February 2012The BBVA State Activity Indexes showed broader growth activity in early 2012 after regional breakouts in late 2011. 49 states expanded, while Nevada declined |
Sectors Analysis
Real Estate
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03/08/2012 Housing Market Outlook: 2012Rental demand surges, as home ownership declines. Home prices will continue to slide across the U.S. due to the high inventory of distressed properties. Non-distressed property prices will remain under pressure |
Financial Systems
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05/07/2012 Consumer Credit: Monthly Situation ReportSeasonally-adjusted consumer credit jumped $21.3bn in March, reflecting the largest monthly gain in more than a decade |
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04/26/2012 Bank Credit and Deposits: Monthly Situation ReportTotal loan growth surpassed 3.0% YoY in March, suggesting that real bank credit is finally expanding. The pace is expected to strengthen, with continued support from CI and consumer lending |
Press Articles
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10/20/2011 Texas can take credit for its economic successGov. Rick Perry's decision to enter the presidential race is generating considerable discussion on the economic performance of Texas relative to other states Author: Nathaniel KarpSource: Houston Chronicle |
Forecasts
Flash
Weekly Flash
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05/14/2012 U.S. Weekly Flash. Trade Balance Deteriorates Despite Improvements in Underlying DemandThe international trade balance worsened in March to -$51.8bn from an improved -$45.4bn in February, closing out 1Q12 as one of the weakest trading quarters throughout the recovery period |
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05/07/2012 U.S. Weekly Flash. Weak Nonfarm Payrolls Despite Drop in the Unemployment RateNonfarm payrolls increased only 115K in April following upward revisions to both March (120K to 154K) and February (240K to 259K) |
Flash
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05/16/2012 Macroeconomic Analysis FOMC Minutes April 25Minutes reveal little additional information to inform our view of the FOMC’s desires. FOMC members opt for all two-day meetings henceforth, more time needed to discuss |
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05/15/2012 Macroeconomic Analysis Lower Energy Costs Limit Headline Inflation in AprilHeadline inflation was unchanged in April, mostly due to a 2.6% drop in gas prices. Core prices increased 0.2% and held steady at 2.3% on a YoY basis |
Events
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03/28/2012 Presentation by Rafael Domenech during the conference ''Beyond the Great Recession'' organized by the Fundación Cañada Blanch and the University of Valencia. March 28, 2012The Future of Developed Economies after the Great Recession The economic expansion followed by the crisis have generated important imbalances that are expected to become a heavy weight for many years in many developed economies. |
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02/09/2012 Presentation of ''Global Economic Outlook. First Quarter 2012''Global slowdown and recession in Europe The global economy slows down, with Europe into recession and emerging economies heading for a soft landing. Downside risks to growth will diminish as European policies dispel existing doubts. ''Global Economic Outlook. First Quarter 2012'' |
Working Papers
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11/14/2011 International transmission of medium-term technology cycles: Evidence from Spain as a recipient countryThis paper documents stylized facts of international medium-term business cycles by exploring the pattern of comovement between a catching-up economy, Spain, and each of the obvious candidate countries to technological leadership of the 1950-2007 period, the U.S., France, Germany, Italy and the U.K. Author: Mónica Correa-López, Beatriz de BlasNº 11/32 |