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Tracking Detroit’s Economic Recovery After Bankruptcy with a New Index
Abstract: This article presents evidence that Detroit?s economy is doing noticeably better than before the city filed for bankruptcy in July 2013. In order to track the city?s economic recovery following its bankruptcy, we use a new index that quantifies Detroit?s overall economic performance from 1998 to the present.
Keywords: Detroit economic activity index (DEAI); Bankruptcy;
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Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2017
Order Number: 376