This volume of the Economic Policy Review, "Special issue on the economic effects of September 11," explores some of the key economic consequences of the attacks of September 11. The six articles that make up the volume address several important questions: how great were the losses in New York...

These articles were presented at a conference organized by the Federal Reserve Bank of New York in April 2005, "Urban Dynamics in New York City." The goal of the conference was threefold: to examine the historical transformations of the engine-of-growth industries in New York and distill the...

A discussion of the role played by service exports in sustaining a regional economy, with the contention that its growth reflects a natural and inevitable response to rising wealth.

An examination of the effect of mergers and acquisitions on the Fourth Federal Reserve District economy during the past three decades, using data from 37 companies in Cleveland, Cincinnati, and Pittsburgh.

An analysis of the role of employers in wage-setting across three Fourth Federal Reserve District labor markets--Cleveland, Cincinnati, and Pittsburgh--during the years 1955-1988.

When economic activity slows down, labor markets may undergo extensive structural change-the permanent reallocation of workers across industries. Job losses can be heavy, and creating new jobs and retraining displaced workers to fill them can take time. A high degree of restructuring may help to...