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Journal Article
Introduction
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 ...
Working Paper
Political allocation of U.S. agriculture disaster payments in the 1990s
Legislation passed during the 1990s attempted to move U.S. agriculture disaster relief to a more market oriented process. The failure of this legislation has been attributed to the political system behind agricultural disaster relief. This paper explores the impact of political influence on the allocation of U.S. direct agriculture disaster payments. The results reveal that disaster payments are not based solely on need, but are higher in those states represented by public officials key to the allocation of relief. The effectiveness of legislation aimed at promoting more efficient disaster ...
Discussion Paper
The role of electronic payments in disaster recovery: providing more than convenience
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 ...
Journal Article
Targeted charitable giving : Good intentions, unintended consequences
Related links: https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2011/q2/feature1_weblinks.cfm
Journal Article
In the rubble of disasters, politicians find economic incentives
Natural disasters can be opportunities for politicians. In deciding who gets what aid, they weigh what they can get back in terms of political support, contributions and votes.
Journal Article
Steps to ease financial stress in areas affected by flooding
Journal Article
The economics of natural disasters
Journal Article
Hurricanes Katrina and Rita: assessing the aftermath
Journal Article
Measuring the effects of the September 11 attack on New York City
The attack on the World Trade Center had an enormous financial, as well as emotional, impact on New York City. This article measures the short-term economic effects on the city's labor force and capital stock through June 2002, the end of the recovery process at the World Trade Center site. Using a lifetime-earnings loss concept, the authors estimate that the nearly 3,000 workers killed in the attack lost $7.8 billion in prospective income. Moreover, the employment impact in the key affected sectors - such as finance, air transportation, hotels, and restaurants - translated into an estimated ...
Journal Article
Operation HOPE Seeks Economic Triage Volunteers for Hurricane Katrina
Operation HOPE Inc.'s HOPE Coalition America provides financial and economic guidance and assistance to individuals affected by disasters.