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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.

Econ Focus

First Quarter 2011

Region Focus, First Quarter 2011

Cover Story

What Drives Changes in Economic Thought? Why economists study what they do -- and how the crisis might change it

Were economists caught by surprise by the financial crisis because the profession's models and dominant schools of thought are misguided? If so, how did it come to be that way? Will the financial crisis change things? Rather than a fundamental shift in economic thought, many economists seem to hope for a humbler view of what economics can teach us about the world.

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Tobacco Stimulus

Virginia and North Carolina are among the states using money from their 1998 settlement with tobacco companies to spur economic development.
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Source Data 

Flexible Workforce: The role of temporary employment in recession and recovery

Many economists see temp employment as a buffer during recessions and a harbinger of direct hiring during recoveries. How strong is the current preference for temp workers -- and does that preference have long-term implications?
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Benefits and Burdens of Expanded Military Bases

Many military bases in the Fifth District are expanding as a result of the 2005 Base Realignment and Closure Plan, scheduled for completion by mid-September. Economic benefits may loom in the long run, but the influx may cause short-term pain as communities cope with crowded schools and congested roads.
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