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Press Releases


Research Notes–April 2008


Featuring research published in March 2008

Speeches

Current Economic Situation, Outlook, and Recent Actions
March 27, 2008
Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, discusses the current economic outlook and recent actions by the Federal Reserve to the Rotary Club of Chattanooga, in Chattanooga, Tenn.

Macroeconomics

Productivity, Energy Prices, and the Great Moderation: A New Link
Working Paper 2008-11
The authors show that U.S. economic output became less volatile beginning in the mid-1980s because of a change in the relationship between productivity and energy price shocks.

Remittances, Exchange Rate Regimes, and the Dutch Disease: A Panel Data Analysis
Working Paper 2008-12
Rising levels of remittances lead to exchange rate appreciation and resource movement effects that favor the nontradable sector, the authors find. These effects operate more strongly under fixed nominal exchange rate regimes.

Dollar Continued to Fall in February
The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta decreased 0.9 percent in February from the previous month.

Regional Economics

Southern States Ply the Art of the Deal
EconSouth Q1 2008
In the battle to attract new corporate citizens, states are assembling incentive packages that are richer than ever. Although Southeastern states have brought in glittering prizes, some wonder if the price they’re paying for industrial incentives is too high.

The Lower Mississippi River: The Flow of Trade
EconSouth Q1 2008
More than the United States’ longest river, the Mississippi is also a vital part of American commerce. The lower Mississippi River traffics in a wide range of raw materials, agricultural commodities, and finished products—and there’s still room to grow.

West Point Restarts Its Engines
EconSouth Q1 2008
West Point Ga. is the future home of a Kia Motors assembly plant that promises to create nearly more jobs than the town now has people.

"You Have a New Wave of Economic Developers"
EconSouth Q1 2008
An interview about Alabama’s economic development efforts with Neal Wade of the Alabama Development Office.

International Economics

Putting Pension Reform Into Perspective
EconSouth Q1 2008
An overview of a new book, Lessons from Pension Reform in the Americas, presents experts’ views on a number of policy issues and highlights various countries’ experiences.

Podcasts

Current Economic Situation, Outlook, and Recent Actions (MP3 20:41)
Speeches
Remarks by Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, on the current economic outlook and recent actions by the Federal Reserve to the Rotary Club of Chattanooga, in Chattanooga, Tenn.

Consumer Spending Trends in the Sixth District (MP3 4:33)
Southeastern Economic Perspectives
Whitney Mancuso, a senior economic analyst at the Federal Reserve Bank of Atlanta who studies trends in retailing, real estate, and state government, discusses consumer spending trends in the Southeast.