Richmond Fed Publication Takes a Look at Innovation in the Financial Sector and the Broader Economy - Press Release, June 22, 2012 - Federal Reserve Bank of Richmond
Richmond Fed Publication Takes a Look at Innovation in the Financial Sector and the Broader Economy
Richmond Fed Publication Takes a Look at Innovation in the Financial Sector and the Broader Economy
Richmond Fed Publication Takes a Look at Innovation in the Financial Sector and the Broader Economy - Press Release, June 22, 2012 - Federal Reserve Bank of Richmond
2012-06-22
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Press Releases
Richmond
Va.
<p>Innovation is the key to long-term economic growth. But as the United States continues its slow recovery from the deepest recession since the Great Depression, restoring the country's "innovation economy" has taken on new urgency. The cover story in the latest issue of <em>Region Focus</em> examines how much economists know about what spurs innovation, as well as how policymakers might use that information to boost jobs and GDP. And in his opening column Richmond Fed President Jeffrey Lacker argues that we should be cautious about attempting to limit financial innovation.</p>
<p>Innovation is the key to long-term economic growth. But as the United States continues its slow recovery from the deepest recession since the Great Depression, restoring the country's "innovation economy" has taken on new urgency. The <a href="/publications/research/region_focus/2012/q1/pdf/cover_story.pdf">cover story</a> in the latest issue of <em>Region Focus</em> examines how much economists know about what spurs innovation, as well as how policymakers might use that information to boost jobs and GDP. And in <a href="/publications/research/region_focus/2012/q1/pdf/presidents_message.pdf">his column</a> Richmond Fed President Jeffrey Lacker argues that we should be cautious about attempting to limit financial innovation.</p>
<p>Also in this issue:</p>
<p>• <a href="/publications/research/region_focus/2012/q1/pdf/feature1.pdf">Eurozone at a Crossroad</a></p>
<p>• <a href="/publications/research/region_focus/2012/q1/pdf/feature2.pdf">Policy Support for Housing Slump?</a></p>
<p>• <a href="/publications/research/region_focus/2012/q1/pdf/opinion.pdf">Sarbanes-Oxley 10 Years Later</a></p>
<p>• <a href="/publications/research/region_focus/2012/q1/pdf/interview.pdf">Interview</a> with John B. Taylor on recent Fed policy, fiscal stimulus, and the future of macroeconomics</p>
<p><em>Region Focus</em> is the economics magazine of the Federal Reserve Bank of Richmond. It covers economic issues affecting the Fifth Federal Reserve District (the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia) and the nation.</p>
<p>For free copies of <em>Region Focus</em>, contact the Bank's Research Publications division at (800) 322-0565. The articles are available online at <a href="http://www.richmondfed.org/publications">http://www.richmondfed.org/publications</a>.</p>
<p>Innovation is the key to long-term economic growth. But as the United States continues its slow recovery from the deepest recession since the Great Depression, restoring the country's "innovation economy" has taken on new urgency. The cover story in the latest issue of <em>Region Focus</em> examines how much economists know about what spurs innovation, as well as how policymakers might use that information to boost jobs and GDP. And in his opening column Richmond Fed President Jeffrey Lacker argues that we should be cautious about attempting to limit financial innovation.</p>
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<p>Innovation is the key to long-term economic growth. But as the United States continues its slow recovery from the deepest recession since the Great Depression, restoring the country's "innovation economy" has taken on new urgency. The cover story in the latest issue of <em>Region Focus</em> examines how much economists know about what spurs innovation, as well as how policymakers might use that information to boost jobs and GDP. And in his opening column Richmond Fed President Jeffrey Lacker argues that we should be cautious about attempting to limit financial innovation.</p>