Second Quarter, Volume 2, Number 2

Federal Reserve Bank of Atlanta
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Pierce Nelson
   Editorial Director

Lynn Foley
   Managing Editor

Michael Chriszt
   Contributing Editor

Jean Tate
Lee Underwood
   Staff Writers

Harriette D. Grissom
Stephen Kay
Elizabeth McQuerry
   Contributing Writers

Carole Starkey
Peter Hamilton


Bobbie H. McCrackin
   Vice President and
   Public Affairs Officer

B. Frank King
   Vice President and
   Associate Director
   of Research

Thomas J. Cunningham
   Vice President
   Research Department
   Regional Section

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The views expressed in EconSouth are not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.

Reprinting or abstracting material from this publication is permitted provided that EconSouth is credited and a copy of the publication containing the reprinted material is sent to the Public Affairs Department.

ISSN 0899-6571

photograph of car courtesy of Panoz Auto Development

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Volume 2, Number 2, Second Quarter 2000

   Fed’s Regional Structure Provides Unique
   Insight into the Economy

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   A Wealth Effect

Against a backdrop of soaring consumer spending, there has recently been a great deal of attention focused on the wealth effect. But does this economic phenomenon really have a significant impact on current spending by consumers, and should policymakers be concerned with increases in demand over supply brought about by this increased spending?

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   Higher Education Translates
   Into Big Business

Thoughts of university towns remind many people of the carefree days of college and big games on Saturdays. But, as this article points out, universities are more than just ivory towers. In fact, universities provide a significant economic boost to their home cities, including jobs, community investments and spending by students and faculty.
vertical line    Mercosur: Back on Track?
While Mercosur has experienced successes as a trading bloc in South America, its long-term sustainability was called into question recently as squabbles developed between the principal countries. Today, however, with improving economies and an emphasis on resolving disagreements, Mercosur appears to be headed in the right direction.

   Research Notes & News
      Dollar Index

   The State of the States

   Southeastern Economic Indicators
      Southeastern Manufacturing Survey

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