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Press Releases


Research Notes–July 2008


Featuring research published in June 2008

Speeches

Japan's Importance to the U.S. and Southeast Economies
June 4, 2008
Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks about the economic relationship between Japan and the United States to the Japan-America Society of Georgia, in Atlanta.

Too Soon to Breathe Easy
June 2, 2008
Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks about the country's economic trade-offs and challenges to the Jacksonville Regional Chamber of Commerce, in Jacksonville, Fla.

Macroeconomics

Exchange Rates and Fundamentals: A Generalization
Working Paper 2008-16
The authors extend the random walk exchange rate hypothesis to a wider set of macroeconomic and econometric models. Empirical results indicate the U.S.-Canadian nominal exchange rate approximates a random walk.

Dollar Gained in May
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.

Finance

Bayesian Semiparametric Stochastic Volatility Modeling
Working Paper 2008-15
The trade-off of risk and return is central to finance. Allowing a more flexible distribution of returns than models normally permit, the authors develop a model that produces superior forecasts of future returns.

Regional Economics

Infrastructure: The Foundation for Prosperity
EconSouth Q2 2008
Roads, bridges, dams, sewers, wastewater treatment plants, and more make up what we collectively refer to as infrastructure. It is vital to the way we live, but it usually makes headlines only when something goes wrong with it.

Work Zone Ahead? Repairing the Southeast’s Infrastructure
EconSouth Q2 2008
The Southeast's infrastructure, which sustains the region's fast-growing population and dynamic economy, faces the challenge of meeting today’s needs as well as those accompanying future growth.

Manufacturing Revs Up Mobile
EconSouth Q2 2008
The port town of Mobile, Ala., 300 years old in 2002, anticipates welcoming two of the biggest industrial employers the city has seen since a World War II–era shipbuilding frenzy.

“I Hope That We Have Set an Example”
EconSouth Q2 2008
An interview with Atlanta Mayor Shirley Franklin about rehabilitating Atlanta's infastructure.

Regional Economic Information Network (REIN)
The Regional Economic Information Network (REIN) released data and analysis on the D6 Factor—a broad measure of southeastern economic conditions—construction and real estate, consumer spending, financial services, industrial activity, labor markets, and state government finances for May.

International Economics

Building a Better World: Infrastructure’s Role in Economic Growth
EconSouth Q2 2008
Infrastructures everywhere face strain from globalization, population growth, and urbanization. Infrastructure needs among countries vary, but infrastructure's importance to economic growth, improved public health, and poverty reduction is universal.

Podcasts

Too Soon to Breathe Easy (MP3 20:26)
Speeches
Remarks by Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, on the country's economic trade-offs and challenges to the Jacksonville Regional Chamber of Commerce, in Jacksonville, Fla.

Financial Market Reforms (MP3 6:12)
Research Insights
Paula Tkac, Atlanta Fed financial economist and associate policy adviser, discusses financial market reforms following the 2008 Atlanta Fed Financial Markets Conference, which focused on this topic.

Metro Atlanta’s Infrastructure (MP3 6:27)
EconSouth Now
Charles "Chick" Krautler, director of the Atlanta Regional Commission, discusses some of the metro area's planning programs for transportation, air quality, the environment, land use, and water supply.

Partnership for Progress (MP3 3:40)
Financial Update Focus
The Atlanta Fed's Andre Anderson discusses Partnership for Progress, a new Federal Reserve program designed to help minority-owned and de novo banks.