Regional Economist

Regional Economist is a magazine focusing on Economics

Articles from January

Ask an Economist
Fernando Martin is an economist in the Research division. He joined the St. Louis Fed in August after teaching at Simon Fraser University in Canada for six years. He is a graduate of the Universidad Torcuato di Tella in Argentina and the University of...
Don't Expect Consumer Spending to Be the Engine of Economic Growth It Once Was
Can American consumers continue to serve as the engine of U.S. and global economic growth as they did during recent decades? Several powerful trends suggest not, at least for a while. Instead, new sources of demand, both domestic and foreign, are needed...
Emerging Markets: A Source of and Destination for Capital
Emerging markets are increasingly becoming a source of growth in the complex global economy. Brazil, Russia, India, Indonesia, China and South Korea are projected to account for approximately 45 percent of the global output by the year 2025, up from...
House Prices in the District and in the Nation Follow Similar Pattern
The housing crisis has been milder in the Eighth District than in the nation, but since early 2009 house prices in the District and nation, as measured by the CoreLogic Home Price Index (HPI), have followed a similar pattern. As Figure 1 shows, the boom...
Letters to the Editor
This is in response to an article headlined "Is Shadow Banking Really Banking?" This article appeared in the October 2011 issue.Dear Editor:Excellent survey of securitization. However, if you didn't know that there had been a major financial and economic...
On the Road to Recovery, Soft Patches Turn Up Often
During mid-2009, the U.S. economy exited the economic contraction that began year-end 2007 and entered into an economic recovery phase.1 Approximately two-and-a-half years later, both real GDP and consumer expenditures surpassed their prerecession peaks,...
Pro-Business Mississippi Town: Bucks Manufacturing Trend
Pablo Diaz, executive director of the Grenada County Economic Development District in Grenada, Miss., proudly calculates that about 30 percent of local jobs are in manufacturing. That's astonishing at a time when that slumping sector accounts for only...
Starting a Business during a Recovery: This Time, It's Different
The opening of new businesses is fundamental for U.S. employment growth. Businesses, small and large and of different ages, are constantly creating and destroying jobs. Profitable businesses stay in the market and expand, while the less-successful ones...
The Economic Recovery: America's Investment Problem
Acording to the National Bureau of Economic Research, the Great Recession officially began during the fourth quarter of 2007 (December 2007) and ended during the second quarter of 2009 (June 2009). Subsequently, the U.S. economy has recovered slowly,...
The Economy Should Be Able to Avoid a Recession in 2012
Despite some persistent headwinds, the U.S. economy has strengthened modestly over the past three months and looks increasingly likely to strengthen further in 2012. Key developments in this regard have been a healthy rebound in business capital spending,...
The Role of Financing in International Trade during Good Times and Bad
The peak of the global financial crisis and Great Recession witnessed the largest fall in international trade since the Great Depression, as imports and exports contracted by nearly 30 percent relative to GDP. The blue bars in Figure 1 show this drop...