1.
The national and regional economy. FEDERAL RESERVE BANK OF NEW YORK. Speech. Nov 29, 2012

Authors: Dudley, William

Subjects: Disaster relief. Natural disasters. Federal Reserve System. Federal Open Market Committee. Economic conditions. Federal Reserve District, 2nd. Employment. Housing. Credit. Financial crises. Public schools. Gross domestic product. Labor market. Fiscal policy. Abstract: Remarks at Pace University, New York City.
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2.
The impact of hurricanes on housing prices: evidence from U.S. coastal cities. FEDERAL RESERVE BANK OF DALLAS. Working Paper. 1009. Oct, 2010

Authors: Murphy, Anthony / Strobl, Eric

Subjects: Econometric models. Housing - Prices. Abstract: We investigate the effect of hurricane strikes on housing prices in U.S. coastal cities. To this end, we construct a new index of hurricane destruction which varies over time and space. Using this index and an annual, two equation, dynamic equilibrium correction panel model with area and time fixed effects, we model the effects of hurricanes on real house process and real incomes. In our model hurricanes have a direct effect on house prices and an indirect effect via a fall in local incomes. Our results show that the typical hurricane strike raises real house prices for a number of years, with a maximum effect of between 3 % to 4 % three years after occurrence. There is also a small negative effect on real incomes. These results are stable across models and subsamples.
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3.
Noteworthy: Hurricane Ike: six months later, still assessing the damage. FEDERAL RESERVE BANK OF DALLAS. Southwest Economy. 1. Q1, 2009 - p. 15.

Authors: Nicholson, Michael

Subjects: Natural disasters. Abstract: On Sept. 13, Hurricane Ike made landfall at Galveston. Six months later, many Texas Gulf Coast communities continue to struggle with debris and damage. Rebuilding is under way, but full recovery is likely to take years.
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4.
Rebuilding a community: lessons from New Orleans. FEDERAL RESERVE BANK OF BOSTON. Communities and Banking. Spr, 2008 - p. 13-15.

Authors: Reardon, Kenneth M.

Subjects: Community development. Abstract: Whether low-income communities are struggling to rebuild after a hurricane or after long neglect, the challenges often seem insurmountable. The New Orleans 9th Ward’s inclusive approach to decision making shows that the best revitalization plans are those with the broadest buy-in.
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5.
Poverty in New York City, 1969-99: the influence of demographic change, income growth, and income inequality. FEDERAL RESERVE BANK OF NEW YORK. Economic Policy Review. v.14, no.1. Jul, 2008 - p. 13-30.

Authors: Levitan, Mark K. / Wieler, Susan S.

Subjects: Poverty. New York (N.Y.). Federal Reserve District, 2nd. Demography. Income distribution. Wages. Abstract: The four-year rise in the U.S. poverty rate that began with the 2001 recession and the aftermath of Hurricane Katrina has sparked renewed interest in poverty among researchers and policymakers. Policies for addressing poverty are influenced by perceptions of its causes. Accordingly, this article evaluates the impact of several purported causes of poverty in New York City. Using decennial census data for 1970-2000, the authors employ simulations and a decomposition framework to investigate the relationship between poverty and key demographic and economic changes in the city. They find that two demographic changes - the growing percentage of the city's black and Hispanic populations and the increasing share of residents living in female-headed families - are clearly associated with the city's rise in poverty from 1969 to 1979 and the continued high poverty rate from 1979 to 1999. However, when these demographic changes are placed in the context of income growth and expanding income inequality, the study finds that the rise in income inequality plays a larger role in the 1979-99 persistence of poverty than do demographic changes. The authors also explore the influence of changes in earnings inequality on income inequality and poverty. They find a considerable increase in poverty and an expansion of earnings inequality within a key element of the city's population: persons living in full-year working families. The rise in earnings inequality can be traced to the stagnation of wages at the low end of the earnings distribution.
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6.
Noteworthy: hurricane season, venture capital, exports. FEDERAL RESERVE BANK OF DALLAS. Southwest Economy. 5. Sep, 2008 - p. 5.

Authors: Nicholson, Michael / Thies, Jackson / Renier, Jessica

Subjects: Economic conditions - Texas. Natural disasters. Venture capital - Texas. International trade. Exports. Abstract: Ike deals severe blow to Texas economy. Texas investment funding slips in 2nd quarter. Latin America, China lead Texas surge in overseas sales.
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7.
Regional update : outside forces still sapping Texas economy's vitality. FEDERAL RESERVE BANK OF DALLAS. Southwest Economy. 5. Sep, 2008 - p. 15.

Authors: Nicholson, Michael

Subjects: Economic conditions - Texas. Abstract: A sluggish national economy, the global credit crunch and Hurricane Ike have taken some steam out of Texas' growth.
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8.
Do African Americans prefer to live in segregated communities? FEDERAL RESERVE BANK OF PHILADELPHIA. Business Review. Q4, 2007

Authors: DeFina, Robert H. Abstract: Following Hurricane Katrina, many people were shocked by the extent of racial segregation in the New Orleans housing market. And yet, New Orleans is far from an isolated case. Forty years after passage of the Fair Housing Act, racially segregated neighborhoods are all too common in the United States. The reasons usually offered for this continued segregation include discrimination in the real estate and housing markets. Recently, these reasons have been challenged by a theory claiming that segregation exists because African Americans prefer to live together for positive reasons, such as to share and support a common heritage. In “Do African Americans Prefer to Live in Segregated Communities,?” Bob DeFina examines the evidence and notes that it casts doubt on the viability of the so-called self-segregation hypothesis.
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9.
Atlanta Fed ready for 2007 hurricane season. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. v. 20, no. 2. 2007

Subjects: Natural disasters - Economic aspects. Abstract: With the arrival of the 2007 hurricane season, the Atlanta Fed has issued guidance to financial institutions regarding steps they can take to prepare for a weather-related crisis. A podcast discussing hurricane preparedness accompanies this story.
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10.
The Gulf Coast: still laboring towards recovery. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 9, no. 3. 2007

Authors: Chriszt, Michael J.

Subjects: Hurricane Katrina, 2005. Abstract: More than two years after Hurricane Katrina roared through the Gulf Coast, rebuilding continues. Despite the considerable progress made, much remains to be done to achieve normalcy.
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11.
Monetary policy and natural disasters in a DSGE model: how should the Fed have responded to Hurricane Katrina? FEDERAL RESERVE BANK OF ST. LOUIS. Working Papers. 2007-025. 2007

Authors: Keen, Benjamin D. / Pakko, Michael R.

Subjects: Monetary policy - United States. Natural disasters - Economic aspects. Abstract: In the immediate aftermath of Hurricane Katrina, speculation arose that the Federal Reserve might respond by easing monetary policy. This paper uses a dynamic stochastic general equilibrium (DSGE) model to investigate the appropriate monetary policy response to a natural disaster. We show that the standard Taylor (1993) rule response in models with and without nominal rigidities is to increase the nominal interest rate. That finding is unchanged when we consider the optimal policy response to a disaster. A nominal interest rate increase following a disaster mitigates both temporary inflation effects and output distortions that are attributable to nominal rigidities.
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12.
IDA program rebuilding lives in Louisiana. FEDERAL RESERVE BANK OF DALLAS. E-perspectives. 2. 2007

Subjects: Louisiana. Individual development accounts. Home ownership. Hurricane Katrina, 2005. Abstract: Louisiana legislators recently approved $2 million in funding for a statewide individual development account program aimed at getting low-income hurricane victims back on their feet.
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13.
Connecticut through Katrina-colored glasses. FEDERAL RESERVE BANK OF BOSTON. Communities and Banking. Sum, 2006 - p. 18-20.

Authors: Hall, Douglas

Subjects: Poverty - Connecticut. Abstract: Compared with the poverty rate in hurricane-ravaged Mississippi (21.6 percent, the highest in the nation), Connecticut’s rate of 7.6 percent might not seem a cause for alarm. But Connecticut families struggling to make ends meet often encounter challenges facing the poor along the Gulf Coast.
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14.
In the eye of the storm: gasoline markets after the hurricanes. FEDERAL RESERVE BANK OF DALLAS. Houston Business. Jun, 2006

Authors: Fernandez, Adriana / Gilmer, Robert W. / Story, Jonathan

Subjects: Hurricane Katrina, 2005. Gasoline. Gas industry. Petroleum industry and trade.
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15.
Running on empty : gauging the lingering effects of Hurricane Katrina on Tenth District farmers. FEDERAL RESERVE BANK OF KANSAS CITY. TEN. Win, 2006 - p. 2-5.

Authors: Lapp, Toni

Subjects: Federal Reserve District, 10th. Hurricane Katrina, 2005.
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16.
Should the government provide insurance for catastrophes? FEDERAL RESERVE BANK OF ST. LOUIS. Review / [Proceedings]. v. 88, no. 4. Jul, 2006 - p. 337-380.

Authors: Cummins, J. David

In: Proceedings of the Thirtieth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis : Federal Credit and Insurance Programs

Subjects: Insurance, Government. Abstract: This paper evaluates the need for a government role in insuring natural and man-made catastrophes in the United States. Although insurance markets have been stressed by major natural catastrophes, such as Hurricane Katrina, government involvement in the market for natural catastrophe insurance should be minimized to avoid crowding-out more efficient private market solutions, such as catastrophe bonds. Instead, government should facilitate the development of the private market by reducing regulatory barriers. The National Flood Insurance Program has failed to cover most property owners exposed to floods and is facing severe financial difficulties. The program needs to be drastically revised or replaced by private market alternatives, such as federal "make available" requirements with a federal reinsurance backstop. A federal role may be appropriate to insure against mega-terrorist events. However, any program should be minimally intrusive and carry a positive premium to avoid crowding-out private market alternatives.
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17.
New booklet teaches bankers lessons from Hurricane Katrina. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. v. 19, no. 3. Q 3, 2006

Subjects: Hurricane Katrina, 2005. Abstract: The aftermath of Hurricane Katrina demonstrated the importance of disaster preparedness. Banking agencies have developed a publication to help financial institutions prepare for extraordinary circumstances.
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18.
2005 Atlanta Fed annual report remembers the aftermath of Katrina. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. v. 19, no. 2. Q 2, 2006

Subjects: Federal Reserve Bank of Atlanta. Hurricane Katrina, 2005. Abstract: The Atlanta Fed’s recently released 2005 annual report pays tribute to the dedication and heroism of the directors and staff of its New Orleans Branch and to the resilience of the people of the Gulf Coast.
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19.
Campaign urges hurricane victims to contact their banks. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. v. 19, no. 1. Q 1, 2006

Subjects: Hurricane Katrina, 2005. Credit ratings. Abstract: A new public service campaign encourages people affected by Hurricane Katrina to contact their lenders so they mitigate damage to their credit histories.
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20.
Atlanta office keeps New Orleans branch check function. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. v. 19, no. 1. Q 1, 2006

Subjects: Federal Reserve Bank of Atlanta. Abstract: The Atlanta Fed’s head office is retaining the New Orleans Branch’s check processing function, which was relocated during Hurricane Katrina, but the branch will continue to provide cash services and other services.
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21.
New Orleans banking forum to focus on challenges, community rebuilding. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. v. 19, no. 1. Q 1, 2006

Subjects: Hurricane Katrina, 2005.
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22.
Economic history : the Sea Island hurricane of 1893. FEDERAL RESERVE BANK OF RICHMOND. Region Focus. v. 10, no. 1. Win, 2006 - p. 45-47.

Authors: Nash, Betty Joyce

Subjects: Natural disasters.
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23.
'The local communities have to determine their destiny', an interview with Donald E. Powell, Federal Coordinator of the Gulf Coast Recovery and Rebuilding Council. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 8, no. 4. Q 4, 2006

Authors: English, Ed

Subjects: Hurricane Katrina, 2005.
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24.
Hurricanes spawn insurance rate increases. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 8, no. 3. Q 3, 2006 Abstract: Hurricane-prone Southeastern states are devising strategies for offering affordable insurance coverage to homeowners and businesses. Record claims stemming from recent disasters and insurers’ increased premiums complicate the task.
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25.
Smart growth and rebuilding the Mississippi Gulf Coast. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 8, no. 2. Q 2, 2006

Subjects: Hurricane Katrina, 2005. Abstract: The task of rebuilding Mississippi communities shattered by Hurricane Katrina is prompting some officials, builders, and citizens to consider new ways to envision zoning and development.
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26.
Katrina update : recovery comes slowly. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 8, no. 2. Q 2, 2006

Subjects: Hurricane Katrina, 2005. Abstract: Though much progress has been made recovering from 2005’s hurricanes, even more work remains in the Gulf Coast region. As employment rebounds and cleanup continues, full recovery is still a distant goal.
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27.
'I truly think smart codes are a long-term benefit', an interview with Dave Dennis, President and CEO of Specialty Contractors & Associates, Inc. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 8, no. 2. Q 2, 2006

Subjects: Hurricane Katrina, 2005.
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28.
Life after Katrina : reflecting, rebuilding continue on the Gulf Coast. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 8, no. 1. Q 1, 2006

Subjects: Hurricane Katrina, 2005. Abstract: Months after Hurricane Katrina rampaged through the Gulf Coast, the storm’s effects are still evident in everything from labor markets to housing to tourism.
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29.
Community bank remains committed to rebuilding in New Orleans. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 8, no. 1. Q 1, 2006

Subjects: Hurricane Katrina, 2005. Abstract: Gulf Coast banking is still picking itself up off the ground. One community banker is prepared to meet the challenges involved in returning to normalcy.
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30.
Disasters, income, and wealth. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 8, no. 1. Q 1, 2006

Authors: Cunningham, Thomas J.

Subjects: Income. Wealth. Hurricane Katrina, 2005.
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31.
The role of electronic payments in disaster recovery: providing more than convenience. FEDERAL RESERVE BANK OF PHILADELPHIA. Payment Cards Center Conference Summary / Payment Cards Center Discussion Paper. 06-09. 2006

Authors: Cheney, Julia S.

Subjects: Disaster relief. Abstract: On May 3-4, 2006, the Payment Cards Center hosted a two-day conference titled “The Role of Electronic Payments in Disaster Recovery: Providing More Than Convenience.” The event brought together participants from a range of groups, including financial institutions and other financial service providers; federal and state government and national relief agencies; and the bank regulatory community. Participants examined the lessons learned from Hurricane Katrina and considered how these experiences may be useful in identifying opportunities to further strengthen the financial system’s response to future catastrophic events.
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32.
How effective were the financial safety nets in the aftermath of Katrina? FEDERAL RESERVE BANK OF PHILADELPHIA. Payment Cards Center Discussion Paper. 06-01. Jan, 2006

Authors: Cheney, Julia S. / Rhine, Sherrie L. W.

Subjects: Hurricane Katrina, 2005. Unbanked. Abstract: This paper describes the U.S. financial system’s response to the destruction caused by Hurricane Katrina and examines how financial safety nets helped meet consumers’ needs in the aftermath of the storm. Overall, we find that consumers who hold deposit accounts at financial institutions are less vulnerable to financial disruptions than individuals who do not have either a checking or a savings account (the unbanked). The federal banking regulators’ and financial institutions’ responses to Hurricane Katrina, the financial vulnerability of unbanked families to this unexpected catastrophic event, and how the American Red Cross, FEMA, and the Gulf States’ relief efforts supplied financial assistance to Katrina’s victims are also addressed. Finally, we present several strategies that can be pursued to further safeguard the U.S. population and the financial community against extraordinary events.
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33.
Hurricanes Katrina and Rita: assessing the aftermath. FEDERAL RESERVE BANK OF DALLAS. Banking & Community Perspectives. 1. 2006 - p. 3-6.

Subjects: Disaster relief. Poverty. Hurricane Katrina, 2005.
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34.
Poverty and disasters. FEDERAL RESERVE BANK OF DALLAS. Banking & Community Perspectives. 1. 2006 - p. 7-11.

Subjects: Disaster relief. Hurricane Katrina, 2005.
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35.
Houston after the hurricanes. FEDERAL RESERVE BANK OF DALLAS. Houston Business. Oct, 2005

Authors: Gilmer, Robert W.

Subjects: Gasoline. Natural disasters. Petroleum industry and trade. Natural gas.
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36.
Atlanta Fed president discusses hurricanes, economic growth, and energy. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. v.18, no.4. Q 4, 2005

Subjects: Hurricane Katrina, 2005. Abstract: In a recent speech, Jack Guynn said that despite the short-term disruption Hurricanes Katrina and Rita caused, the U.S. economy is poised for growth and low inflation.
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37.
Atlanta Fed operations withstand Katrina's might. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. v.18, no.4. Q 4, 2005

Subjects: Hurricane Katrina, 2005. Federal Reserve Bank of Atlanta. Abstract: Hurricane Katrina brought unprecedented challenges to the Atlanta Fed’s New Orleans Branch, but the Fed’s contingency efforts helped maintain payments in the region.
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38.
Regional/District economic developments : Hurricane Katrina disrupts District economy. FEDERAL RESERVE BANK OF RICHMOND. Region Focus. v, 9, no. 4. Fall, 2005 - p. 51.

Authors: Lacy, Robert L.

Subjects: Federal Reserve District, 5th. Economic conditions.
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39.
Southeast begins the healing process. FEDERAL RESERVE BANK OF ATLANTA. EconSouth. v. 7, no. 4. Q4, 2005 Abstract: Rebuilding a region shattered by Hurricane Katrina is an overwhelming task, but signs of renewed economic activity along the Gulf Coast are already emerging.
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40.
Operation HOPE seeks economic triage volunteers for Hurricane Katrina. FEDERAL RESERVE BANK OF DALLAS. E-perspectives. 2. 2005

Subjects: Hurricane Katrina, 2005. Disaster relief. Abstract: HOPE Coalition America has activated Project Restore HOPE to assist recent hurricane victims with the short-, medium- and long-term economic and financial challenges they will face in the weeks and months ahead
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41.
Miami Fed's hurricane operations may provide lessons to other banks. FEDERAL RESERVE BANK OF ATLANTA. Financial Update. Oct, 1992 - p. 2-3.

Subjects: Contingency plans.

NOT AVAILABLE ELECTRONICALLY. Please visit your library or contact pubs@frbatlanta.org

42.
Hurricane Andrew boosts Southeast's short-term economic prospects. FEDERAL RESERVE BANK OF ATLANTA. Regional Update. Jul, 1992 - p. 7-8.

Authors: Krikelas, Andrew C.

Subjects: Federal Reserve District, 6th.

NOT AVAILABLE ELECTRONICALLY. Please visit your library or contact pubs@frbatlanta.org