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Regional business cycles in New York State

Richard Deitz () and Ramon Garcia

The Regional Economy of Upstate New York, 2002, issue Spr

Abstract: We track the business cycles for New York State and for major upstate metropolitan areas over the last quarter century and compare them with the national cycles. To date the regional cycles, we use a new methodology that combines several data series into a single composite measure - or index - of economic activity. Our findings show that New York State's recessions tend to last longer than the nation's, although the region's metropolitan areas have very different industrial compositions and thus different business cycles.

Keywords: Business cycles - New York (State); Recessions - New York (State); Federal Reserve District, 2nd (search for similar items in EconPapers)
Date: 2002
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Handle: RePEc:fip:fednre:y:2002:i:spr