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Journal Article
1997 job outlook: the New York-New Jersey region
Major industrial and government restructurings have dominated employment reports in the New York-New Jersey region, leading to widespread pessimism about the region's job prospects. Nevertheless, for the past several years, the two states have managed to achieve modest job gains. In 1997, employment growth in New York and New Jersey will accelerate slightly as the pace of restructurings slows.
Speech
Testimony on Exploring Financial Risks on Banking Posed by Climate Change
Testimony before the New York State Senate Committees on Banks, Finance, and Environmental Conservation (delivered via videoconference).
Journal Article
The health sector's role in New York's regional economy
Economic activity in the New York region depends heavily on the health sector - a sector that helped buoy New York's economy during the region's 1989-92 downturn. But with fundamental changes occuring in health care, will the sector still bolster the region's economy in the years to come?
Speech
The Economy in the Time of Coronavirus
Remarks at the Buffalo Niagara Partnership, the Greater Rochester Chamber of Commerce, and CenterState CEO (delivered via videoconference).
Journal Article
1996 job outlook: the New York - New Jersey region
The New York-New Jersey region's hard-earned recovery in employment is being overshadowed by ongoing job losses in certain sectors and the prospect of moderating growth in the United States as a whole. Fortunately, several positive trends are bolstering the region's employment picture. Strength in the services sector, a falloff in restructuring, and gains in income point to continuing--though modest--regional job growth in 1996.
Journal Article
Leading economic indexes for New York State and New Jersey
The authors develop indexes of leading economic indicators for New York State and New Jersey over the 1972-99 period. They find that the leading indexes convey useful information about the future course of economic activity in both states. The authors then construct separate indexes to forecast recessions and expansions in each state. The movements of the recession and expansion indexes are found to display a close relationship with the behavior of the leading indexes. Accordingly, the recession and expansion indexes allow the authors to extend the informational content of the leading indexes ...
Report
New York merchandise exports
New York's merchandise export performance has lagged that of the U.S. economy over the first part of the 1990s. Such slippage could be due to slow growth in export markets, a concentration in slow-growth product lines, and/or declining competitiveness relative to the overall U.S. economy. We find that none of these factors fully explains the declining share of New York merchandise exports. New York's export markets are growing nearly as fast as the U.S. foreign market; New York exports are more concentrated in the industries with fastest export growth than the U.S. average; and New York's ...
Journal Article
Two new indexes offer a broad view of economic activity in the New York - New Jersey region
The authors develop two coincident indexes that provide a comprehensive measure of economic activity in New Jersey, New York State, and New York City.
Speech
Business More Like Usual
Remarks at the Economic Club of New York (delivered via videoconference).