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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 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.  |
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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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 Productivity and the Density of Human CapitalThe 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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| Subprime Mortgage Lending in New York City: Prevalence and Performance
This paper uses rich, loan-level data set of the city's outstanding subprime loans as of January 2009 to describe the main features of this lending and to model the performance of these loans. By Ebiere Okah and James Orr, Staff Reports 432, February 2010 |
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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 |
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 Is the Worst Over? Economic Indexes and the Course of the Recession in New York and New JerseyThe 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 |
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| Labor 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 |
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| Current Economic Indicators |
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