Research Articles
New York City’s Evolving Jobs Recovery
September 7, 2022 Overall employment in New York City has not fully recovered from the huge shock it took following the Covid-19 outbreak in early 2020. But looking across industries, both the depth of the downturn and pace of
Will China Surpass the U.S. to Become the Number One Economic Power?
Hengzhong Liu June 18, 2022 This article argues that the current wave of deglobalization will not stop China from surpassing the United States as the largest economy in the next decade, but it will prevent China from becoming the
Covid-19 in New York City: The Pandemic Unequally Impacts New Yorkers in Health and Employment
Fotis Siokis January 7, 2022 In early March 2020, the Covid-19 virus spread quickly across the United States and virulently disrupted every facet of the society. A public health crisis immediately developed into an economic crisis, as severe government
New York’s Ongoing Employment Recovery from the Pandemic
James Orr December 13, 2021 Recent employment data show New York is continuing its recovery from the effects of the COVID-19 pandemic and the efforts to contain it, though job counts in both the state and the city
Working Papers
Consumption Taxes, Income Taxes, and Revenue Sensitivity: States and the Great Recession
Published in Public Finance Review, 2017
Howard Chernick, Hunter College and Graduate Center, CUNY; and Cordelia Reimers, Hunter College and Graduate Center, CUNY
The major sources of state tax revenue are personal income taxes and taxes on consumption – general sales and gross receipts taxes and excise
The Economic Contribution of Unauthorized Workers: An Industry Analysis
Ryan Edwards, Queens College, CUNY; Francesc Ortega, Queens College, CUNY
The article provides a quantitative assessment of the economic contribution of unauthorized workers to the US economy and the potential gains from legalizing their situation. The study shows that the economic contribution of these workers to
Export Growth and Aggregate Dynamics in Large Devaluations
George Alessandria, University of Rochester and NBER; Sangeeta Pratap, Hunter College and the Graduate Center, CUNY; Vivian Yue, Emory University, Federal Reserve Bank of Atlanta and NBER
May 2015
Why do exports not increase immediately after an exchange rate devaluation? This is an important question, because export
Policy Briefs
The Pandemic and the Emerging Markets Crisis: How Fragile are the Economies?
Utku Demir and Merih Uctum
June 11, 2020
The Emerging Market (EM) economies that came out of the 2008 financial crisis relatively faster than advanced economies are hard hit by a quadruple-whammy this time: the pandemic, capital outflows, economic recession, and debt crisis.Read more
Lessons from Taiwan’s Healthcare Reform
William B. Thorne
November 27, 2019
Taiwan's single-payer National Health Insurance system was implemented in 1995 and designed using the U.S. Medicare program as a template.Read more
Unconventional Monetary Policies Become Conventional After All?
Fotios Siokis
October 21, 2019
What are unconventional monetary policies? How are they implemented in the European Union? What does the future look like? In this article we address these questions. On September 12,2019, the President of the European Central Bank (ECB) announced a new monetary stimulus package... Read more
Policy Briefs
The Transformation of the Diacritic U.S. Banking System and the Advent of the Dominant Financial Institutions
Fotis Siokis
24 June 2024
Over the past forty years, the unique U.S. banking system has faced significant competitive challenges, in a rapidly changing technological environment, along with far-reaching regulatory reforms, ushering in an era of remarkable consolidation. In this post we outline the differences of the US Banking system compared to the other global banking systems, its transformation and how it evolved over the years. Read more
New York’s Employment Recovery: Almost There but Virus Effects Linger, New Issues Emerge
Gillian Fuchs and James Orr
January 31, 2024
Nearly four years after the onset of Covid-19 how is employment in New York City faring? In this post we outline the pattern of recovery of employment in the City and show how employment in different industries is evolving. Employment has just about reached its pre-pandemic level. Read more