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Regional Economy
Our economists analyze local economic growth, labor markets, real estate, and public finance issues, contributing to discussions of regional and national economic policy.
 
Regional Indexes of Coincident Economic Indicators
Our Indexes of Coincident Economic Indicators (CEI) for December show a contraction in economic activity in New York State, New York City and New Jersey. While there had been preliminary indications of some leveling off of activity in the region during the summer, subsequent data releases point to continued declines. Coincident Economic Indicators
Features
Journal of Regional Science’s 50th Anniversary Conference
The conference was co-organized by the Federal Reserve Bank of New York and the Journal of Regional Science. It marked the 50th anniversary of the Journal of Regional Science. Urban and Regional researchers presented state of the art papers on their respective topics.
Recent Articles
Staff Reports Do Colleges and Universities Increase Their Region's Human Capital?
The authors investigate whether the degree production and research and development (R&D) activities of colleges and universities are related to the amount and types of human capital present in the metropolitan areas where the institutions are located.
By Jaison R. Abel and Richard Deitz, Staff Reports 401, October 2009
Staff ReportsIs the Worst Over? Economic Indexes and the Course of the Recession in New York and New Jersey
The New York-New Jersey region entered a pronounced downturn in 2008, but the pace of decline eased considerably in spring 2009 and then leveled off in July, according to three key Federal Reserve Bank of New York economic indexes.
By Jason Bram, James Orr, Robert Rich, Rae Rosen, and Joseph Song, Current Issues in Economics and Finance Second District Highlights (15) 5, September 2009
Staff ReportsLabor Market Pooling and Occupational Agglomeration
This paper examines the micro-foundations of occupational agglomeration in U.S. metropolitan areas, with an emphasis on labor market pooling.
By Todd M. Gabe and Jaison R. Abel, Staff Reports 392, September 2009
Staff ReportsDo Vouchers Lead to Sorting Under Random Private School Selection? Evidence from Milwaukee Voucher Program
This paper analyzes the effect of school vouchers on student sorting--defined as a flight to private schools by high-income and committed public-school students--and whether vouchers can be designed to reduce or eliminate it.
By Rajashri Chakrabarti, Staff Reports 379, July 2009
Staff ReportsHow do College Students Form Expectations?
This paper focuses on how college students form expectations about various major-specific outcomes.
By Basit Zafar, Staff Reports 378, July 2009
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Current Economic Indicators

Empire State Manufacturing SurveyEmpire State Manufacturing Survey
The survey indicates that conditions for New York manufacturers improved for the sixth consecutive month in January. The general business conditions index climbed 11 points, to 15.9.
January 15, 2010

The Beige BookBeige Book OFFSITE
The Second District's economy has shown further signs of improvement since the last report, with indications of a modest pickup in the labor market; prices remain relatively stable. Business contacts, in general, report some expansion in activity, with manufacturing contacts also indicating that they are adding workers.
January 13, 2010

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