Recent Articles
New York Employment Declines Severely in April
By Jim Orr,
The New York State Department of Labor reported a (seasonally adjusted) loss of 1.83 million jobs statewide in April, a year-over-year decline of 19.4%. This decline exceeds the 12.9% job loss nationwide in April reflecting the much stronger impact of COVID-19 in New York. Combining the job
The New York Economy Amid the Coronavirus Crisis
James Orr and Zhuo Xi
April 26, 2020
New York, along with the rest of the nation and world, is in the midst of the coronavirus crisis. It is hard to comprehend the tragic loss of more than almost 17,000 lives (as of April 27) statewide including more than 11,000 in New York City. Read more
New York Labor Market Weakens Dramatically in March and April
The New York State Department of Labor reported a (seasonally adjusted) loss of 41,700 jobs statewide in March, a decline of 0.4% over the month and in line with the nationwide decline of 0.5%. The Department notes that the reference period for collecting the data occurred before the many
The Opioid Crisis in the New York Area: A First Look
Robert Utzinger
February 17, 2020
The United States has been experiencing an increase in the number of deaths due to suicide and drug overdose. In this article I first explain this problem, review the theories behind this phenomenon focusing on drug abuseRead more
New York City Jobs Up but Growth Moderates Through the Third Quarter 2019
Meng-Ting Chen and James Orr
December 29, 2019
New York City employment is now well into its ninth year of growth and jobs across a variety of sector continue to expand. 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
Trump’s Trade Quagmire
Paul Krugman
August 30, 2019
Remember the Vietnam quagmire? In political discourse, “quagmire” has come to have a quite specific meaning. It’s what happens when a government has committed itself to a policy that isn’t working but can’t bring itself to admit failure and cut its losses.Read more