Regional business cycles in New York State
Abstract: We track the business cycles for New York State and for major upstate metropolitan areas over the last quarter century and compare them with the national cycles. To date the regional cycles, we use a new methodology that combines several data series into a single composite measure - or index - of economic activity. Our findings show that New York State's recessions tend to last longer than the nation's, although the region's metropolitan areas have very different industrial compositions and thus different business cycles.
File(s): File format is application/pdf https://www.newyorkfed.org/medialibrary/media/research/regional_economy/Spring%202002.pdf
Provider: Federal Reserve Bank of New York
Part of Series: The Regional Economy of Upstate New York
Publication Date: 2002