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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 August show economic activity grew robustly in New York City but increased only modestly in New York State and New Jersey.  |
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| New from Liberty Street Economics |
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 Just Released: August Indexes of Coincident Economic Indicators Show Uneven Growth across the Region
Economic activity grew modestly in New York State and New Jersey but briskly in New York City, according to new Fed measures of regional performance.
By Jason Bram and James Orr |
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Report on the Competitiveness of Puerto Rico's Economy
Experts from the Bank's research, outreach and education teams were commissioned to analyze the challenges facing Puerto Rico and to put forward recommendations on how to capitalize on the Island's strengths to promote growth. The results, presented in both English and Spanish, represent their efforts made in consultation with local, national and international experts, as well as stakeholders on the Island itself. |
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| Recent Articles |
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Job Polarization and Rising Inequality in the Nation and the New York-Northern New Jersey Region
The authors explore the phenomenon of job polarization in the U.S. economy and examine how it has played out in the New York-northern New Jersey region. By Jaison R. Abel and Richard Deitz, Current Issues in Economics and Finance Second District Highlights 18(7), October 2012 |
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Abbott and Bacon Districts: Education Finances during the Great Recession
The authors study the effects of a 1994 reform effort in Michigan equalizing school finances on spatial segregation. By Rajashri Chakrabarti and Sarah Sutherland, Staff Reports 573, September 2012 |
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The American Recovery and Reinvestment Act of 2009: A Review of Stimulus Spending in New York and New Jersey
The $35 billion of ARRA stimulus spending in New York was relatively concentrated in expanded Medicaid funding, while a large share of the $12 billion in New Jersey went to extending unemployment insurance benefits. ARRA funding supplemented tax revenues in both states in fiscal years 2010 and 2011; but because the program's spending components are winding down, the states can no longer rely on these federal transfers when preparing their budgets. By James Orr and John Sporn, Current Issues in Economics and Finance 18(6), September 2012 |
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Housing Markets and Residential Segregation: Impacts of the Michigan School Finance Reform on Inter- and Intra-district Sorting
The authors study the effects of a 1994 reform effort in Michigan equalizing school finances on spatial segregation. By Rajashri Chakrabarti and Joydeep Roy, Staff Reports 565, August 2012 |
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