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Author:Flora, Paul R. 

Journal Article
Budget gaps and balanced-budget proposals in Third District states

Research Rap Special Report , Issue Jun

Journal Article
What's holding back homebuilding?

Homebuilding is typically a casualty of economic downturns, but it is also true that most economic recoveries are built upon a resumption of pounding hammers and buzzing blades. Not so with the recovery from the Great Recession. After new home construction slowed dramatically in the recession, the sector not only failed to lead the overall recovery as usual but significantly lagged it. Even now that overall economic growth and employment have largely resumed growing solidly, homebuilding and construction employment levels remain far below normal in Pennsylvania, New Jersey, and Delaware as ...
Regional Spotlight , Issue Q2 , Pages 1-5

Journal Article
Use of rainy day funds in Third District states

Rainy day fund is the popular name for special reserve funds employed by all but three states (Arkansas, Kansas, and Montana) to provide a more flexible response to emergencies and/or cyclical fiscal extremes. This is the primary policy tool designed specifically to help states address fiscal stresses generated by recessions. By transferring a portion of budget surpluses to their rainy day funds during years of strong economic growth and rising revenues, states can reduce the need to raise taxes and cut services during years of weak growth and declining revenues.
Research Rap Special Report , Issue Jan

Journal Article
Regional Spotlight: Smart Growth for Regions of All Sizes

Pittsburgh?s population has shrunk by 400,000 since 1969, making it the poster child for urban shrinkage. So why is it doing so well? Sometimes, smaller really is better.
Regional Spotlight , Issue Q2 , Pages 8-14

Journal Article
Regions defined and dissected

In 2013, the federal government confirmed what every kid from Waynesboro, PA, had understood 50 years earlier ? that Franklin County was inextricably tied to the Washington?Baltimore region. Forsaking the Phillies and Pirates, Little Leaguers from south-central Pennsylvania traveled instead to watch Frank Robinson in the Orioles? outfield. In the fall, local families jeered the Eagles and Steelers, and cheered as Johnny Unitas led the Baltimore Colts to victories. Good-paying jobs beckoned and TV signals emanated from over the Blue Ridge mountains and inside the dual beltways.
Regional Spotlight , Issue Q4 , Pages 1-7

Journal Article
Regional spotlight: what's holding back homebuilding?

The construction industry, often the first to resume hiring after an economic downturn, still hasn't recovered from the Great Recession. Paul Flora examines the forces that have held back this sector in our region and around the country.
Business Review , Issue Q2 , Pages 17-21

Journal Article
Regional Spotlight: The State of the States

The U.S. economy has been expanding for seven years ? but don?t tell that to a handful of states that have suffered recessions recently. Paul R. Flora discusses how Philadelphia Fed indexes may aid in the tricky business of identifying recession patterns among the 50 states.
Economic Insights , Volume 1 , Issue 4 , Pages 8-15

Briefing
Why Were Pennsylvania’s Initial UI Claims so High?

As initial unemployment insurance (UI) claims exploded across the country early in the COVID-19 crisis, one fact stood out: Pennsylvania’s initial UI claims were exceptionally high. For the week ending March 21, Pennsylvania led all states with 378,908 initial UI claims.
Research Brief

Journal Article
Regional Spotlight: The State of the States

The U.S. economy has been expanding for seven years ? but don?t tell that to a handful of states that have suffered recessions recently. Paul R. Flora discusses how Philadelphia Fed indexes may aid in the tricky business of identifying recession patterns among the 50 states.
Regional Spotlight , Issue Q4 , Pages 8-15

Journal Article
Regional Spotlight: Smart Growth for Regions of All Sizes

Pittsburgh?s population has shrunk by 400,000 since 1969, making it the poster child for urban shrinkage. So why is it doing so well? Sometimes, smaller really is better.
Economic Insights , Volume 4 , Issue 2 , Pages 8-14

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