Agriculture: key to the Uruguay round

General Agreement on Tariffs and Trade (Organization)

Another strong year for the Eleventh District

The Eleventh District marked its eighth year of economic expansion in 1994. Employment grew strongly in all three Eleventh District states- Louisiana, New Mexico, and Texas. Although the past prominence of the oil and gas sector is well-known, in 1994 the region prospered despite continued declines in the energy industry. A robust U.S. economy stimulated demand for District manufacturing and service industries, which helped drive the economy. ; Fiona Sigalla surveys the 1994 performance of the Eleventh District economy and finds that a favorable business climate and expanding trade in goods and services to Mexico helped the Eleventh District grow faster than the nation. While slower economic growth in the United States and uncertainty in Mexico will be drags on the District economy in the year ahead, 1995 should be another good year for District states.Federal Reserve District, 11th

Texas manufacturing - factories still matter in much of state

Manufactures - Texas

The consumer price index

The consumer price index (CPI) is probably the most closely watched indicator of inflation in the U.S. economy. In this article, Mark Wynne and Fiona Sigalla explain the construction of the CPI and evaluate some of its potential shortcomings as a measure of inflation. Specifically, they examine the discrepancies that arise between the CPI and the true cost- of-living index as a result of improvements in the quality of goods, the introduction of new goods, substitution on the part of consumers between different goods and retail outlets, and the difficulty of measuring the prices actually paid by consumers for the goods they purchase. ; The authors review the literature that quantifies these discrepancies, with the objective of estimating the magnitude of the overall bias in the CPI. Wynne and Sigalla argue that, in fact, remarkably little is known about the extent or significance of the overall bias in the CPI. They conclude that biases in the CPI cause it to overstate inflation by no more than 1 percent a year, and probably less.Consumer price indexes ; Prices

Another Strong Year for the Eleventh District

The nation’s economy grew very strongly in 1994, but the Eleventh District economy grew even faster, in part by attracting some of the country’s most rapidly expanding industries. Eleventh District employment has grown more strongly than the rest of the country for six consecutive years. The Eleventh District economy marked its eighth year of economic expansion in 1994 with broad-based employment growth in all three Eleventh District states—Louisiana, New Mexico, and Texas. 1 Robust U.S. and global economies stimulated demand for District manufacturin

Minnesota Agricultural Economist No. 652

Financial Assistance to Minnesota Farmers: Public Programs and Policy Issues; Can Rural Communities Survive the Farm Crisis