We use newly available data from the 2000 census to assess the occupational composition of the upstate New York workforce and to analyze how it has changed since the 1990 census. We also compare the evolving mix of occupations in our region with that of the nation as a whole, an approach that...

We describe the medical manufacturing industry generally and examine the industry's presence in upstate New York and its metropolitan areas. We show that upstate has a considerable employment concentration in the manufacture of both medical devices and pharmaceuticals. This activity is...

The Federal Reserve Bank of New York's Buffalo Branch and Office of Regional and Community Affairs conducted a series of roundtable talks in May 2001. The talks, cosponsored by the Independent Bankers of New York State, the North Country Alliance, and the Rural Housing Coalition, were held to...

We explore the distinctive patterns of Buffalo and Rochester's economic restructuring in detail. We compare the board structural changes in Buffalo's economy with those in Rochester's, and the changes in both metropolitan economies with those in the national economy. We also seek to understand...

Presentation to the Northeast Mississippi Economic Forecast Conference, Jan. 20, 2005

This paper examines the linkage between economic activity and tax revenues for New York State and New York City. Drawing upon the methodology of Stock and Watson, we use a dynamic single-factor model to estimate indexes of coincident economic indicators. We also construct measures of the sales...

The authors consider forecasting real housing price growth for the individual states of the Federal Reserve's Eighth District. They first analyze the forecasting ability of a large number of potential predictors of state real housing price growth using an autoregressive distributed lag (ARDL)...

In January 2007, an ordinance took effect in Columbia, Missouri, banning smoking in all bars, restaurants, and workplaces. This paper analyzes data for sales tax collections at eating and drinking establishments from January 2001 through December 2007, including the first twelve months of the...

Economic downturns often force state policymakers to enact sizable tax increases or spending cuts to close budget shortfalls. In this paper the authors make use of a Markov-switching regression model to empirically describe the expansions and contractions in the states of the Eighth Federal...