SOURCE: Federal Reserve Bank of Richmond

Federal Reserve Bank of Richmond

August 27, 2010 20:16 ET

Richmond Fed Publication Examines the Effects of Budget Deficits

RICHMOND, VA--(Marketwire - August 27, 2010) -  Economists have long debated how important deficit spending is to macroeconomic outcomes. Most economists now agree that deficits are not inherently inflationary, but they differ on the effects of fiscal imbalances on interest rates and other economic variables. The cover story of the latest issue of Region Focus takes a look at this important policy issue.

Also in this issue:

  • Broadband's Last Mile. Bringing broadband to everyone in the United States remains a challenge, given the costs. What is the best way to serve potential customers?
  • Charitable Giving. Charitable contributions nationwide have declined as in previous economic downturns, yet Americans remain committed to philanthropy when money is tight.
  • Of Coal Mines and Markets.  Tragedies in West Virginia coal mines have raised valid questions about the role of market discipline in workplace safety as well as the effectiveness of regulation.

Region Focus, a quarterly business magazine published by the Federal Reserve Bank of Richmond, covers the economy and business activities of the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.

For free copies of Region Focus, contact the Bank's Research Publications division at 800.322.0565. The articles are available online at

Contact Information

  • Contact:
    Aaron Steelman
    Region Focus
    Phone: 804.697.2658
    Federal Reserve Bank of Richmond
    Email Contact