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| Regional Economy |
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| 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 June show moderate growth in economic activity in New York State, continued brisk growth in New York City, and a continued flat level of activity in New Jersey.  |
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| Features |
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| 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. |
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| Recent Articles |
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 The Recession’s Impact on the State Budgets of New York and New JerseyThe authors provide an overview of the budget process in New York and New Jersey and explore why the recession has taken such a toll on the states’ fiscal condition. By Richard Deitz, Andrew F. Haughwout, and Charles Steindel, Current Issues in Economics and Finance Second District Highlights (16) 6, June/July 2010 |
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 Can Subjective Expectations Data Be Used in Choice Models? Evidence on Cognitive BiasesThis paper examines the extent to which cognitive biases plague subjective data, specifically addressing 1) whether cognitive dissonance affects the reporting of beliefs, and 2) whether individuals exert sufficient mental effort when probed about their subjective beliefs. By Basit Zafar, Staff Reports 454, June 2010 |
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| Bayesian Social Learning, Conformity, and Stubbornness: Evidence from the AP Top 25 The authors find evidence of significant voter heterogeneity, and that voters are less responsive to peer rankings after they have been on the poll a few years. By Daniel Stone and Basit Zafar, Staff Reports 453, June 2010 |
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| Bypassing the Bust: The Stability of Upstate New York’s Housing Markets during the Recession An analysis of upstate housing markets over the most recent residential real estate cycle indicates that the region's relatively low incidence of nonprime mortgages and the better-than-average performance of these loans contributed to this stability. By Jaison R. Abel and Richard Deitz, Current Issues in Economics and Finance (16) 3, March 2010 |
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| Productivity and the Density of Human Capital The authors estimate a model of urban productivity in which the agglomeration effect of density is enhanced by a metropolitan area’s stock of human capital. By Jaison Abel, Ishita Dey, and Todd Gabe, Staff Reports 440, March 2010 |
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| Current Economic Indicators |
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