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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 July show continued brisk growth in economic activity in New York State and New York City and a slight decline in activity in New Jersey. |
| 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 |
Knowledge in CitiesThis paper identifies clusters of U.S. and Canadian metropolitan areas with similar knowledge traits. By Todd Gabe, Jaison R. Abel, Adrienne Ross, and Kevin Stolarick, Staff Reports 470, September 2010 |
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 |
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 |
Bayesian Social Learning, Conformity, and Stubbornness: Evidence from the AP Top 25The 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 |
Bypassing the Bust: The Stability of Upstate New York’s Housing Markets during the RecessionAn 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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