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Richmond Fed at a Glance

June 2018

Our Latest News

Kartik Athreya
Richmond Fed Research Director Kartik Athreya discusses the challenges for central bank policymakers during The Asian Banker Summit in Beijing, China.

Speeches, Presentations and Public Appearances

Media Interviews and Commentary

Board of Directors

Community Development

Regional Economists

Selected Publications

A recent Economic Brief presents a new tool for understanding a policymaker’s choice between bankruptcy and bailout when confronted with the failure of a large financial firm. The tool could help policymakers compare the costs of bankruptcy with the costs of various levels of government assistance, which ultimately could help curb the “too big to fail” problem. Another recent article highlights new research on the response of consumer spending to changes in federal government spending. The authors find that on average a $1 increase in federal spending increases consumer spending by 40 cents.

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Jim Strader (804) 697-8956 (804) 332-0207 (mobile)