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.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Taking the Pulse of the Tech Sector: A Coincident Index of High-Tech Activity
October 2003 Volume 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.