Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Journal Article
New York City's economy before and after September 11
Bram, Jason (2003-02)
An analysis of employment and income trends suggests that the economic impact of the September 11 attack on New York City was somewhat less severe than originally thought. The attack created sizable job and income losses, but the city's current downturn appears to stem largely from other, cyclical factors - namely, the national economy and the financial markets.
Current Issues in Economics and Finance , Volume 9 , Issue Feb

Discussion Paper
The Region Is Struggling to Recover from the Pandemic Recession
Abel, Jaison R.; Hastings, Jonathan; Bram, Jason; Deitz, Richard (2021-12-17)
The pandemic struck the New York-Northern New Jersey region early and hard, and the economy is still struggling to recover nearly two years later. Indeed, employment fell by 20 percent in New York City as the pandemic took hold, a significantly sharper decline than for the nation as a whole, and the rest of the region wasn’t far behind, creating a much larger hole to dig out of than other parts of the country. While the region saw significant growth as the economy began to heal, growth has slowed noticeably, and job shortfalls—that is, the amount by which employment remains below ...
Liberty Street Economics , Paper 20211217a

Journal Article
Trends and developments in the economy of Puerto Rico
Bram, Jason; Martinez, Francisco E.; Steindel, Charles (2008-03)
A two-year-long economic downturn and a persistent income gap with the U.S. mainland contribute to an uncertain outlook for Puerto Rico. Still, the commonwealth possesses a skilled and educated workforce, a favorable business climate, and the benefits of U.S. legal and financial structures - advantages that could encourage the development of new industries and create the potential for sustained growth.
Current Issues in Economics and Finance , Volume 14 , Issue Mar

Journal Article
Taking the pulse of the New York City economy
Orr, James A.; Bram, Jason (2006-05)
Although New York City's payroll employment is rising briskly, it still falls short of its 2001 peak, raising concerns that the local economy is not generating enough jobs. However, a look at a broader set of economic indicators-alternative job measures, wage and salary earnings, and a composite index of economic activity-suggests that the economy is significantly healthier than the payroll count indicates. Indeed, a measure of employment among New York City residents shows a strong upward trend extending over the past thirty years. Subseries: Second District Highlights.
Current Issues in Economics and Finance , Volume 12 , Issue May

Report
Does consumer confidence forecast household expenditure?: A sentiment index horse race
Bram, Jason; Ludvigson, Sydney (1997)
This paper investigates the forecasting power of consumer sentiment for household expenditure. We compare the predictive power of two measures of consumer attitudes, and then further compare each survey's expectations component with one another, and with the broader sentiment measures. The results indicate that lagged values of the Conference Board's overall confidence and expectations measures have stronger incremental power for more categories of the growth in consumption expenditure than do measures available from the University of Michigan, though the latter is correlated with future ...
Research Paper , Paper 9708

Report
Banks versus Hurricanes: A Case Study of Puerto Rico after Hurricanes Irma and Maria
Anagnostakos, Peter; Bram, Jason; Chan, Benjamin; Fischl-Lanzoni, Natalia; Latif, Hasan; Mahoney, James M.; Morgan, Donald P.; Morgan, Ladd; Suarez, Ivelisse (2023-11-01)
We study Puerto Rico’s experience after the severe hurricane season of 2017 to better understand how extreme weather disasters affect bank stability and their ability to lend. Despite the devastation wrought by two category 5 hurricanes in a single month, we find relatively modest and transitory impacts on bank performance with no evident decline in lending capacity. We discuss various mitigants that help limit bank exposure to extreme weather and whether these mitigants may be vulnerable given the potential for more severe and more impactful climate events.
Staff Reports , Paper 1078

Discussion Paper
Remote Work Is Sticking
Abel, Jaison R.; Bram, Jason; Deitz, Richard (2022-08-18)
When the pandemic hit in early 2020, many businesses quickly and significantly expanded opportunities for their employees to work from home, resulting in a large increase in the share of work being done remotely. Now, more than two years later, how much work is being done from home? In this post, we update our analysis from last year on the extent of remote work in the region. As has been found by others, we find that some of the increase in remote work that began early in the pandemic is sticking. According to firms responding to our August regional business surveys, about 20 percent of all ...
Liberty Street Economics , Paper 20220818

Discussion Paper
Lower Manhattan since 9/11: A Study in Resilience
Scally, Joelle; Bram, Jason (2016-10-19)
The 9/11 terrorist attack on the World Trade Center left a deep scar on New York City and the nation, most particularly in terms of the human toll. In addition to the lives lost and widespread health problems suffered by many others?in particular by first responders and recovery workers?the destruction of billions of dollars? worth of property and infrastructure led to severe disruptions to the local economy. Nowhere were these disruptions more severe and long-lasting than in the neighborhoods closest to Ground Zero.
Liberty Street Economics , Paper 20161019

Discussion Paper
The Welfare Costs of Superstorm Sandy
Deitz, Richard; Bram, Jason; Orr, James A.; Abel, Jaison R. (2012-12-18)
As most of the New York metropolitan region begins to get back to normal following the devastation caused by superstorm Sandy, researchers and analysts are trying to assess the total ?economic cost? of the storm. But what, exactly, is meant by economic cost? Typically, those tallying up the economic cost of a disaster think of two types of costs: loss of capital (property damage and destruction) and loss of economic activity (caused by disruptions). But there is another important type of economic loss that often is not estimated or discussed in policymaking decisions: loss of welfare or ...
Liberty Street Economics , Paper 20121218

Discussion Paper
February Regional Business Surveys Find Widespread Supply Disruptions
Bram, Jason; Deitz, Richard (2021-02-17)
Business activity increased in the region’s manufacturing sector in recent weeks but continued to decline in the region’s service sector, continuing a divergent trend seen over the past several months, according to the Federal Reserve Bank of New York’s February regional business surveys. Looking ahead, however, businesses expressed widespread optimism about the near-term outlook, with service firms increasingly confident that the business climate will be better in six months. The surveys also found that supply disruptions were widespread, with manufacturing firms reporting longer ...
Liberty Street Economics , Paper 20210217a

show more (9)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords