Federal Reserve Bank of Dallas

About: Federal Reserve Bank of Dallas is a other organization based out in Dallas, Texas, United States. It is known for research contribution in the topics: Monetary policy & Inflation. The organization has 196 authors who have published 994 publications receiving 35508 citations.

The Resilience and Realignment of House Prices in the Era of COVID-19

Abstract: Purpose: The article analyzes the effects of the COVID-19 pandemic on house prices. Design/Methodology/Approach: We start by discussing the possibility that house price indexes may not fully incorporate the effects of the pandemic as of yet. Against the background of the pandemic, we then analyze economic and behavioral effects affecting house prices. We also discuss how the linkages between tourism and house prices have been affected. We further present evidence of an emerging shift in preferences from urban locations to more peripheral ones. Findings: We report variance in the evolution of house prices across countries at the onset of the pandemic, with locations depending heavily on tourism showing slower price appreciation while appreciation has firmed in other places. We argue that the resilience of house prices is due not only to the low interest rate environment and government efforts to support firms and households, but also behavioral factors. In some locations, the price of condominiums has declined relative to the price of detached houses. This could indicate that wealthier households are seeking more space and larger units as a result of the crisis. There is also evidence of a downward pressure on rents, leading to increased price-rent ratios in the U.S. Originality/Value: By considering both economic and behavioral factors, this paper provides for a better understanding of the resilience and realignment of house prices at the onset of the COVID-19 pandemic.

Risk measurement distortion: an improved model of return smoothing

Abstract: We examine the effects of smoothed hedge fund returns on standard deviation, skewness, and kurtosis of return and on correlation of returns using a MA(2)-GARCH(1,1)-skewed-t representation instead of the traditional MA(2) model employed in the literature. We present evidence that our proposed representation is more consistent with the behavior of hedge fund returns than the traditional MA(2) representation and that the traditional method tends to overstate the degree of smoothing observed in hedge fund returns. We examine methods for correcting the distortive effects of smoothing using our representation.

Research on intercultural nursing theories in the field of education: State of the art

Abstract: Introduction: it is necessary to know better about the nursing theories that guide the curricula, as a way to overcome the medical model and account for the needs of the context; Objective: To analyze the academic production on nursing theories in intercultural contexts, applied to the field of education. Methods: qualitative study of documentary analysis type, state of the art design and hermeneutic approach, the documents were obtained through the search in different databases through the Descriptors in Health Sciences DeCS: Nursing education, conceptual models and cultural competence, as well as their corresponding terms in English. A total of 49 articles were acquired from the search. Results: four categories were identified around epistemic support: the curriculum, made up of the official curriculum, real curriculum, curricular relevance; didactics, divided into general, specific and differential; the evaluation from the characteristics according to the evaluating agent, characteristics according to their purpose and form, characteristics according to their extension, evaluation models and evaluation means; and nursing theories such as transcultural nursing, cultural competence, quality of health care, and interculturality. Conclusions. The approach from the qualitative methodology allows not only to recognize what has been investigated and from which nursing theories are supported, but also to generate new research paths to be able to understand that the education of patients in intercultural contexts requires a pertinent curriculum resulting from the dialogue between university and context that gives way to thinking about researching the construction of own theories that guide training.