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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...
Persistent link: https://www.econbiz.de/10005372910
In addition to exacting a tremendous human toll, the September 11 attack on the World Trade Center caused billions of dollars in property damage and a temporary contraction in New York City's economy. This article explores the effect of these events on the longer run economic prospects for the...
Persistent link: https://www.econbiz.de/10005372934
This article was 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 main...
Persistent link: https://www.econbiz.de/10005372932
This article is commentary on a paper 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...
Persistent link: https://www.econbiz.de/10005712977
A two-stage game depiction of counterterrorism is presented, where the emphasis is on the interaction between the preemptive and defensive measures taken by two targeted countries facing a common threat. The preemptor is likely to be the high-cost defender with the greater foreign interests. A...
Persistent link: https://www.econbiz.de/10005360558
The increased spending on security by the public and private sectors in response to September 11 could have important effects on the U.S. economy. Sizable government expenditures, for example, could trigger a rise in the cost of capital and wages and a reduction in investment and employment in...
Persistent link: https://www.econbiz.de/10005372863
for transnational terrorism. Our two-stage game has the donor country choosing a first-stage contract consisting of … terrorism-fighting tied aid and general assistance. In stage 2, the donor decides its defensive measures, while the recipient … complementarity. A rise in terrorism in the donor increases home enforcement but may limit foreign enforcement at given aid levels. A …
Persistent link: https://www.econbiz.de/10004973898
Persistent link: https://www.econbiz.de/10005526583
We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two … impactful than terrorism. The former had a larger realised impact in all regions in both gross and per-capita terms. The largest … cross-peril difference was in Asia, where natural hazard disasters took 324 million Lifeyears, while terrorism took ten …
Persistent link: https://www.econbiz.de/10013337593