Is the worst over? Economic indexes and the course of the recession in New York and New Jersey
The New York-New Jersey region entered a pronounced downturn in 2008, but the pace of decline eased considerably in spring 2009 and then leveled off in July, according to three key Federal Reserve Bank of New York economic indexes. These developments, in conjunction with a growing consensus that the national economy is headed for recovery, suggest that the worst may be over for the region's economy. However, a downsizing of the area's critical finance sector could pose a major risk to the economic outlook going forward--particularly for New York City.
Volume (Year): 15 (2009)
Issue (Month): Sep ()
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- Jason Bram & James A. Orr & Rae D. Rosen, 2008. "Employment in the New York - New Jersey Region: 2008 review and outlook," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 14(Sep).
- James A. Orr & Robert W. Rich & Rae D. Rosen, 1999. "Two new indexes offer a broad view of economic activity in the New York - New Jersey region," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 5(Oct).
- Robert Rich & Jason Bram & Andrew Haughwout & James Orr & Rae Rosen & Rebecca Sela, 2005. "Using Regional Economic Indexes to Forecast Tax Bases: Evidence from New York," The Review of Economics and Statistics, MIT Press, vol. 87(4), pages 627-634, November.