Introduction

Goldberg, Linda S.; Groshen, Erica L.; Kahn, James A.; Mehran, Hamid; Morgan, Donald P.; Osler, Carol L.

Journal Article

Introduction

Abstract: 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 City on September 11 and in the difficult months thereafter? How much will the nation spend to prevent future attacks? Did the destruction of information and infrastructure impair the functioning of the payments and securities settlement systems, and what steps minimize further damage? Will these events hurt New York's future vitality and cause businesses and workers to retreat from the city? ; The six articles fall into three broad groups: 1) detailed accountings of economic costs--those incurred as a direct consequence of the September 11 attacks and those arising from efforts to prevent future attacks, 2) studies of the attacks' disruptive effects on the payments and securities settlement systems, and 3) analyses of New York City's prospects after September 11.

Keywords: Economic conditions - New York (N.Y.); War - Economic aspects; Federal Reserve District, 2nd; Terrorism; Disaster relief;

Status: Published in Special issue on the economic effects of September 11