Richmond Fed Publication Takes a Look at Innovation in the Financial Sector and the Broader Economy

(firmenpresse) - RICHMOND, VA -- (Marketwire) -- 06/22/12 -- Innovation is the key to long-term economic growth. But as the United States continues its slow recovery from the deepest recession since the Great Depression, restoring the country's "innovation economy" has taken on new urgency. The in the latest issue of Region Focus examines how much economists know about what spurs innovation, as well as how policymakers might use that information to boost jobs and GDP. And in Richmond Fed President Jeffrey Lacker argues that we should be cautious about attempting to limit financial innovation.

Also in this issue:







with John B. Taylor on recent Fed policy, fiscal stimulus, and the future of macroeconomics

Region Focus is the economics magazine of the Federal Reserve Bank of Richmond. It covers economic issues affecting the Fifth Federal Reserve District (the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia) and the nation.

For free copies of Region Focus, contact the Bank's Research Publications division at (800) 322-0565. The articles are available online at



Contact:
David A. Price
Senior Editor, Region Focus
Federal Reserve Bank of Richmond
Phone: (804) 697-8018

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 22.06.2012 - 21:27 Uhr
Sprache: Deutsch
News-ID 159242
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RICHMOND, VA

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