The boom-to-bust days of the Texas construction industry will linger in people's memory for many years. D'Ann Petersen, Keith Phillips, and Mine Yucel examine the factors that led to the rise and fall of the Texas construction industry and determine the role the industry played in the state's...

Rudebush et al (2015a, b) and the Bureau of Economic Analysis find the presence of residual seasonality in the official estimates of U.S. real gross domestic product (GDP). Directly seasonally adjusting official seasonally adjusted GDP, which we refer to as double seasonal adjustment, could...

Hybrid time series data often require special care in estimating seasonal factors. Series such as the state and metro area Current Employment Statistics produced by the Bureau of Labor Statistics (BLS) are composed of two different source series that often have two different seasonal patterns....

"In this paper we use a dynamic single-factor model originally due to Stock and Watson [18, 19] to measure the business cycle in four Texas border Metropolitan Statistical Areas (MSAs) and Mexico. We then measure the degree of economic integration between border cities, the US, Texas, and...