The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Taking the Pulse of the Tech Sector: A Coincident Index of High-Tech Activity
October 2003Volume 9, Number 10
JEL classification: C2, E32, L6
Authors: Bart Hobijn, Kevin J. Stiroh, and AlexisAntoniades
A new index of the U.S. high-tech sectordrawing upon a range of technology-specific datahas the potential to offer a more timely assessment of economic activity than has been possible to date. The index suggests that while the tech sector has rebounded from its poor performance in the 2000-01 "tech bust," it has not resumed its rapid expansion of the late 1990s.