Econ Focus

Econ Focus (formerly Region Focus) is the economics magazine of the Federal Reserve Bank of Richmond. It covers economic issues affecting the Fifth Federal Reserve District and the nation and is published on a quarterly basis by the Bank's Research Department.

Region Focus



Fall 2008

Fall 2008 Cover Story

Cover Story

House Bias: The economic consequences of subsidizing homeownership

Over the past 60 years, various public policies have been aimed at increasing the number of homeowners in America. Yet economists worry that the subsidies to this sort of investment have led to some undesirable consequences. Has the United States invested too much in homeownership?

Related Links

Baby Boomers and Second Home Ownership (Web Exclusive)


Up in the Air: Carbon Policies Weigh Environmental and Economic Risks

One of the most interesting debates in environmental economics pits supporters of a carbon tax against those who prefer a cap-and-trade policy. As the economists ponder, a coalition of Northeastern states is embarking on an experiment to create a market for carbon permits.
Related Links

Immigrant Entrepreneurs: Talent, Technology, and Jobs

A quarter of venture-capital backed firms in the United States were founded by immigrants. Many of these are high-tech and engineering companies. The modern U.S. economy seems to be driven in large part by businesses started by newcomers.
Related Links


Department Article Additional Resources
President's Message Henry Thornton, Walter Bagehot, and the Modern Central Bank
Federal Reserve Dollarization Explained Related Links
Jargon Alert Principal-Agent Problem
Research Spotlight Microbanks: Subsidy Dependent or Self-Sufficient? Related Links
Policy Update Bidding Begins for Maryland "Racinos" Related Links
Around the Fed Lending During the Volcker Disinflation Related Links
Short Takes News from the District
Interview Joseph Gyourko Full Interview
Related Links
Economic History Gold Among the 'Heels Related Links
Book Review Bringing Life to the Dismal Science Related Links
District District/State Economic Conditions
Opinion Why the Great Depression Matters Related Links
Contact Us


Aaron Steelman
Publications Director
(804) 697-2658