Journal Article
Changing tides for North Atlantic ports
Crone, Theodore M. (1985-01)
Business Review , Issue Jan/Feb , Pages 15-26

Journal Article
Looking ahead: leading indexes for Pennsylvania and New Jersey
Babyak, Kevin J.; Crone, Theodore M. (1996-05)
Many policymakers and business persons are interested not only in the course of the national economy but also in the prospects for their region's economy. Since 1994, the Philadelphia Fed has published monthly indexes of coincident indicators for the states in the Third Federal Reserve District. A natural complement would be a set of leading indexes. In this article, Ted Crone and Kevin Babyak introduce leading indexes for the two largest states in the District Pennsylvania and New Jersey.
Business Review , Issue May , Pages 3-14

Journal Article
The Philadelphia story: a new forecasting model
Crone, Theodore M.; McLaughlin, Michael P. (1999-09)
Several years ago, the Philadelphia Fed developed a small forecasting model for each of the three states in the Third Federal Reserve DistrictCPennsylvania, New Jersey, and Delaware. This article introduces a similar model that forecasts major economic variables for the Philadelphia metropolitan area and the city of Philadelphia. Read this article and find out what the model predicts for the metro area and the city
Business Review , Issue Sep , Pages 13-23

Journal Article
What a new set of indexes tells us about state and national business cycles
Crone, Theodore M. (2006-01)
Ted Crone presents information on a recently constructed set of coincident indexes for the 50 states. These indexes can be used to define business cycles at the state level and can tell us how business cycles and the overall patterns of growth have differed among the states.
Business Review , Issue Q1 , Pages 11-24

Journal Article
Making money in the housing market: is there a sure-fire scheme?
Crone, Theodore M. (1995-03)
Business Review , Issue Mar , Pages 19-31

Working Paper
Natural vacancy rates and the persistence of shocks in U.S. office markets
Voith, Richard; Crone, Theodore M. (1988)
Working Papers , Paper 88-4

Journal Article
Office vacancy rates: how should we interpret them?
Crone, Theodore M. (1989-05)
Business Review , Issue May , Pages 3-12

Journal Article
Charting the course of the economy: what can local manufacturers tell us?
Bell, John; Crone, Theodore M. (1986-07)
Business Review , Issue Jul , Pages 3-16

Journal Article
A pattern of regional differences in the effects of monetary policy
Crone, Theodore M. (2007-07)
Although there is only one national monetary policy, that does not mean that monetary policy does not affect some regions of the country more than others. We know that business cycles differ across states and regions, and a number of studies have examined how monetary policy may affect regions differently and why. A review of these studies reveals that certain parts of the country are consistently more affected by monetary policy than others. Identifying the reasons for regional differences in the effects of monetary policy may help us better understand how changes in monetary policy ripple ...
Business Review , Issue Q3 , Pages 9-19

Working Paper
The CPI for rents: a case of understated inflation
Nakamura, Leonard I.; Voith, Richard; Crone, Theodore M. (2006)
Until the end of 1977, the U.S. consumer price index for rents tended to omit rent increases when units had a change of tenants or were vacant, biasing inflation estimates downward. Beginning in 1978, the Bureau of Labor Statistics (BLS) implemented a series of methodological changes that reduced this nonresponse bias, but substantial bias remained until 1985. The authors set up a model of nonresponse bias, parameterize it, and test it using a BLS microdata set for rents. From 1940 to 1985, the official BLS CPI-W price index for tenant rents rose 3.6 percent annually; the authors argue that ...
Working Papers , Paper 06-7