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Keywords:New York (N.Y.) 

Journal Article
Technological trends affecting the manufacturing sector of New York City

The author concludes that manufacturing is still a vital part of New York City's economy, despite substantial job losses in this sector over the past two decades. An influx of skilled immigrants, the use of advanced technologies in production processes, and the ability to respond rapidly to global markets give New York City a strong future in manufacturing high-value goods.
Economic Policy Review , Volume 3 , Issue Feb , Pages 87-90

Discussion Paper
Where Are Manufacturing Jobs Coming Back?

As we outlined in our previous post, the United States lost close to sixmillion manufacturing jobs between 2000 and 2010 but since then has gained back almost one million. In this post, we take a closer look at the geographic dimension of this modest rebound in manufacturing jobs. While job losses during the 2000s were fairly widespread across the country, manufacturing employment gains since then have been concentrated in particular parts of the country. Indeed, these gains were especially large in ?auto alley??a narrow motor vehicle production corridor stretching from Michigan south to ...
Liberty Street Economics , Paper 20190206b

Journal Article
Two new indexes offer a broad view of economic activity in the New York - New Jersey region

The authors develop two coincident indexes that provide a comprehensive measure of economic activity in New Jersey, New York State, and New York City.
Current Issues in Economics and Finance , Volume 5 , Issue Oct

Journal Article
Performance of metropolitan area industries

In the New York metropolitan region, job losses have been more severe and economic recovery slower than in most other metropolitan areas. But a more interesting, and less pessimistic, story is revealed by regional income: an analysis of aggregate earnings shows that incomes in the region are higher now, in real terms, than they were in 1988. That rise, the author contends, reflects increased productivity and a potential shift in industry composition from less productive to more productive industries.
Economic Policy Review , Volume 3 , Issue Feb , Pages 49-60

Working Paper
Clearinghouse access and bank runs: comparing New York and Chicago during the Panic of 1907

During the Panic of 1907, New York City trust companies were not members of the New York Clearinghouse whereas trust companies in Chicago were members of the Chicago Clearinghouse. We argue that the apparent isolation of New York City trust companies from the pool of bank reserves controlled by the New York Clearinghouse led to the large-scale depositor runs on the New York City trusts. In contrast, Chicago trust companies had direct access to the Chicago Clearinghouse and their pool of reserves and did not suffer large-scale depositor withdrawals. Statistical evidence on a cross-section of ...
FRB Atlanta Working Paper , Paper 95-9

Journal Article
Business services and the economic performance of the New York metropolitan region

Business services, according to the author, will continue to contribute positively to employment and to earnings growth in the metropolitan region in the years ahead--assuming no cyclical downturn looms on the horizon.
Economic Policy Review , Volume 3 , Issue Feb , Pages 79-82

Journal Article
New York City's unemployment picture

This issue of Second District Highlights briefly examines several explanations that have been offered for the rise in unemployment in New York City from 1994 to 1997.
Current Issues in Economics and Finance , Volume 3 , Issue Dec

Journal Article
Social indicators and the study of inequality

This paper was presented at the conference "Unequal incomes, unequal outcomes? Economic inequality and measures of well-being" as part of session 5, "Social indicators in New York City." The conference was held at the Federal Reserve Bank of New York on May 7, 1999. The authors address some of the challenges faced by economists and others who undertake to measure well-being and inequality and to identify inequality's causes and effects. Their project - the New York City Social Indicators Survey (SIS) - uses social indicators to track economic well-being and inequality. By pushing ...
Economic Policy Review , Volume 5 , Issue Sep , Pages 149-163

Journal Article
Sources of New York employment fluctuations

The authors analyze employment growth in the metropolitan region and its relationship to employment in the United States as a whole. They identify a strong cyclical link between the region and the nation, punctuated by occasional, persistent shifts in the region's underlying growth rate. Some shifts are found to be related to industry factors, such as the restructuring of financial services in the late 1980s. However, the authors attribute a large and increasing share of New York employment fluctuations to region-specific factors.
Economic Policy Review , Volume 3 , Issue Feb , Pages 21-35

Report
The relative importance of national and regional factors in the New York Metropolitan economy

This paper explores the connections between broad indicators of economic conditions in the New York Metropolitan area and their national counterparts. Our examination provides two different views of the metropolitan economy. First, as is well known, employment growth in the region over the last seven years has been very poor, both in absolute terms and relative to the nation, suggesting a region in decline. On the other hand, the region's income growth has been considerably better, suggesting a region whose goods and services remain in healthy demand. Some methods of analyzing the data ...
Research Paper , Paper 9621

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