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Press Releases


Research Notes–July 2009


Featuring research published in June 2009

Speeches

Thoughts on Stabilization, Recovery, and Transition
June 11, 2009
Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks about the economic situation, potential risks, and outlook for recovery to the National Association of Securities Professionals Annual Pension and Financial Services Conference in Atlanta, Ga.

Back to Basics
June 15, 2009
Patrick Barron, first vice president and chief operating officer of the Federal Reserve Bank of Atlanta, speaks about how the banking industry has responded to the economic downturn and expectations for the future of the industry to the Georgia Bankers Association in Atlanta, Ga.

Regional Economics

Southeastern Banks: In the Eye of the Storm
EconSouth Q2 2009
When real estate investments began going bad, they weighed heavily on banks—especially those in the Southeast, where real estate development had become a major economic driver for the region. Banks' return to health is closely tied to real estate's rebound.

State and Local Budgets Hinge on Economic Recovery
EconSouth Q2 2009
During a recession, consumers try to tighten their belts and spend less. Regional governments, however, have seen demand for their services increase even as the revenues needed to pay for those services have declined along with sales and property tax collections.

Strong Medicine for an Ailing Economy
EconSouth Q2 2009
Disruptions in the financial sector have made the recession unusually persistent. To combat the forces impeding an economic turnaround, the Fed has developed a potent arsenal of tools to foster recovery and revitalize markets.

“We’re Just Starting to Really Feel the Effects”
EconSouth Q2 2009
An interview with Clint Muller of the Association County Commissioners of Georgia about the economic downturn’s effects on counties and municipalities in the Southeast.

Podcasts

Thoughts on Stabilization, Recovery, and Transition (MP3 18:16)
Speeches
Remarks by Dennis P. Lockhart, president and chief executive officer, Federal Reserve Bank of Atlanta, to the National Association of Securities Professionals Annual Pension and Financial Services Conference in Atlanta, Ga., on June 11, 2009.

Retail Sales in the Southeast (MP3 8:55)
Southeastern Economic Perspectives
Michael Chriszt and Courtney Nosal of the Atlanta Fed's research department discuss recent data about consumer spending and retail sales in the Southeast.

The Economics of Water (MP3 6:57)
Research Insights
Sheila Olmstead, associate professor of environmental economics at the Yale School of Forestry and Environmental Studies, discusses the economics of water and efforts to foster water conservation.

Discussing the Financial Markets Conference (MP3 7:58)
Research Insights
Atlanta Fed economist and associate policy adviser Paula Tkac discusses the Atlanta Fed's recent financial markets conference, titled "Financial Innovation and Crises," which examined turmoil in global financial markets.

The Government Intervention into Fannie Mae and Freddie Mac (MP3 6:35)
Financial Update Focus
Scott Frame, an Atlanta Fed financial economist and policy adviser, discusses the government's intervention into Fannie Mae and Freddie Mac and its implications for the housing market and the overall economy.