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.
Amid the financial turmoil, many have criticized the bond rating agencies. How do these agencies operate? And what do economists have to say about the role they play in a healthy capital market?
Some beekeepers in the Fifth District sell pollination services to farmers as far away as California's almond fields. This market has expanded as wild bee populations have declined and honeybee hives have suffered from a variety of pests and problems.
State legislators often try to lure movie and television productions to their states. But the effectiveness of these policies as an economic development tool is in question.
The recession and oil price shocks have made for a turbulent few years for the airline industry. Today, strong competition and shifts in market realities are changing how airlines operate and will have real implications for future air travel.
The line-item veto power held by a state governor is often thought to keep the spending of the legislature in check. However, economists who have studied the issue have come to realize that the conventional wisdom may not be entirely correct.
|President's Message||The (Limited) Role of Credit Ratings in the Financial Crisis|
|Upfront||Economic News Across the Region|
|Federal Reserve||Capital Cushions||Related Links|
|Jargon Alert||Underemployment||Related Links|
|Research Spotlight||Have Free Markets Failed Us?||Related Links|
|Policy Update||Are CEOs Paid too Much?||Related Links|
|Around the Fed||What Prolonged the Great Depression?||Related Links|
|Interview||Allan Meltzer||Related Links|
|Economic History||Sport of Kings||Related Links|
|District Digest||Increased Productivity and Trade Have Reduced Manufacturing Employment|
|Opinion||The Importance of Luck|