Impact of the Great Recession on Public Schools in the Region - Federal Reserve Bank of New York

However, I must note that this boost is likely due in part to temporary factors. First, vehicle sales in the middle of 2011 were depressed due to supply chain disruptions stemming from the tragic earthquake and tsunami in Japan. In addition, a stimulus-related tax provision that allowed businesses to immediately expense some investments expired at the end of 2011. So, some purchases were no doubt timed to occur before that expiration.

Impact of the Great Recession on Public Schools in the Region - Federal Reserve Bank of New York