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The Macroeconomic Impacts Of The 9 11 Attack


The Macroeconomic Impacts Of The 9 11 Attack
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Macroeconomic Impacts Of The 9 11 Attack


Macroeconomic Impacts Of The 9 11 Attack
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Author : Bryan W. Roberts
language : en
Publisher: DIANE Publishing
Release Date : 2011-04

Macroeconomic Impacts Of The 9 11 Attack written by Bryan W. Roberts and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04 with Business & Economics categories.


Evaluates the macroeconomic impacts of the 9/11 attack on U.S. real GDP growth and the unemployment rate by examining how forecasts of these variables were revised after the attack occurred. By this approach, the immediate impact of the 9/11 attack was to reduce real GDP growth in 2001 by 0.5%, and to increase the unemployment rate by 0.11% (reduce employment by 598,000 jobs). Forecasted real GDP growth in 2002 fell dramatically immediately after the 9/11 attack but then recovered fully. The forecasted unemployment rate in 2002 rose sharply immediately after the 9/11 attack, but unlike real GDP growth, it never subsequently returned to a pre-9/11 level. Illustrations. This is a print on demand edition of a hard to find publication.



Economic Effects Of 9 11


Economic Effects Of 9 11
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Author : Gail Makinen
language : en
Publisher: DIANE Publishing
Release Date : 2011-05

Economic Effects Of 9 11 written by Gail Makinen and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05 with Business & Economics categories.


The loss of lives and property on 9/11 was not large enough to have had a measurable effect on the productive capacity of the U.S. even though it had a very significant localized effect on N.Y. City and on the Wash., D.C. area. Over the longer run, 9/11 will adversely affect U.S. productivity growth because resources will be used to ensure the security of prod¿n., dist., finance, and commun. Contents of this report: (1) Overview; (2) Economy Wide Implications and the Fiscal-Monetary Response; (3) Terrorism and National Productivity; (4) Oil Supply and Prices; (5) World Economies; (6) Internat. Capital Flows and the Dollar; (7) Financial Markets; (8) Sectoral, Industry, and Geographical Effects. This is a print on demand publication.



The Economic Effects Of 9 11


The Economic Effects Of 9 11
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Author : Congressional Research Service Library o
language : en
Publisher:
Release Date : 2005

The Economic Effects Of 9 11 written by Congressional Research Service Library o and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.


The tragedy of September 11, 2001 was so sudden and devastating that it may be difficult at this point in time to write dispassionately and objectively about its effects on the U.S. economy. This retrospective review will attempt such an undertaking. The loss of lives and property on 9/11 was not large enough to have had a measurable effect on the productive capacity of the United States even though it had a very significant localized effect on New York City and, to a lesser degree, on the greater Washington, D.C. area. Thus, for 9/11 to affect the economy it would have had to have affected the price of an important input, such as energy, or had an adverse effect on aggregate demand via such mechanisms as consumer and business confidence, a financial panic or liquidity crisis, or an international run on the dollar. It was initially thought that aggregate demand was seriously affected, for while the existing data showed that GDP growth was low in the first half of 2001, data published in October showed that GDP had contracted during the 3rd quarter. This led to the claim that "The terrorist attacks pushed a weak economy over the edge into an outright recession." We now know, based on revised data, this is not so. At the time of 9/11 the economy was in its third consecutive quarter of contraction; positive growth resumed in the 4th quarter. This would suggest that any effects from 9/11 on demand were short lived. While this may be true, several events took place before, on, and shortly after 9/11, that made recovery either more rapid than it might have been or made it possible to take place. First, the Federal Reserve had eased credit during the first half of 2001 to stimulate aggregate demand. The economy responds to policy changes with a lag in time. Thus, the public response may have been felt in the 4th quarter giving the appearance that 9/11 had only a limited effect. Second, the Federal Reserve on and immediately after 9/11 took appropriate action to avert a financial panic and liquidity shortage. This was supplemented by support from foreign central banks to shore up the dollar in world markets and limited the contagion of 9/11 from spreading to other national economies. Nevertheless, U.S. trade with other countries, especially Canada, was disrupted. While oil prices spiked briefly, they quickly returned to their pre-9/11 levels. Thus, it can be argued, timely action contained the short run economic effects of 9/11 on the overall economy. Over the longer run 9/11 will adversely affect U.S. productivity growth because resources are being and will be used to ensure the security of production, distribution, finance, and communication.



Review Of Studies Of The Economic Impact Of The September 11 2001 Terrorist Attacks On The World Trade Center


Review Of Studies Of The Economic Impact Of The September 11 2001 Terrorist Attacks On The World Trade Center
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Author : United States. General Accounting Office
language : en
Publisher: DIANE Publishing
Release Date : 2002

Review Of Studies Of The Economic Impact Of The September 11 2001 Terrorist Attacks On The World Trade Center written by United States. General Accounting Office and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with New York (NY) categories.


Reviews eight studies on the economic impact of the terrorist attacks on the World Trade Center on September 11. Assesses the extent to which they follow basic principles of standard economic analysis. Includes information used as the basis for a briefing for Congressional staff held on April 15, 2002.



Review Of Studies Of The Economic Impact Of The September 11 2001 Terrorist Attacks On The World Trade Center


Review Of Studies Of The Economic Impact Of The September 11 2001 Terrorist Attacks On The World Trade Center
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Author : Nancy R. Kingsbury
language : en
Publisher: DIANE Publishing
Release Date : 2002-10

Review Of Studies Of The Economic Impact Of The September 11 2001 Terrorist Attacks On The World Trade Center written by Nancy R. Kingsbury and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10 with categories.


Identifies and reviews several key studies of the economic impact of the Sept. 11, 2001, terrorist attacks on the World Trade Center buildings in N.Y. City, which caused enormous destruction. Eight studies from 7 different organizations were identified as being the most comprehensive studies available on the economic impact of the attacks: N.Y. City Office of the Comptroller; N.Y. Governor and State Div. of the Budget; N.Y. City Partnership and Chamber of Commerce; Fiscal Policy Institute; N.Y. State Senate Finance Committee; Miliken Institute; and N.Y. State Assembly Ways and Means Committee. In addition, recent studies by the Federal Reserve Bank of N.Y. and the N.Y. City Independent Budget Office include updated information on some of the economic impacts.



Us Terrorist Attacks On Sept 11 How Influences


Us Terrorist Attacks On Sept 11 How Influences
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Author : Johnny Ch Lok
language : en
Publisher:
Release Date : 2019-07-10

Us Terrorist Attacks On Sept 11 How Influences written by Johnny Ch Lok and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-10 with categories.


ChapterTwoThe relationship between US terroristattacks on Sept. 11 and economic lossesWhat are the economic losses caused by US terrorist attacks on Sept. 11 ? The attack on the World Trade Center will likely cost the city economy between US $90 billion and US$105 billion. That includes US$40 billion the value of buildings and peopl already lost and and US$45 billion to US$60 billion for on going costs, including cost economic activity over the next two years. Moreover, New York city could lose many jobs, due to man white color office World Trade Center workers will lose jobs because the World Trade Center was damaged and many companies lose offices facilities when they suitated their offices on this World Trade Center building, but some nre jobs will need, such as clean up, repair, construction and security for this World Trade Center building is needed to rebuild another new office building in this construction site location in New York city, US.It seems that terrorists had succeed to destroy not just the World Trade Center, but it also influences America's and the world's financial captial to be lost, e.g. loss of buildings of people cost is US$45 billion, rebuilding the world trade center is estimated to cost US$6.7 billion. Repairing and restoring other damaged buildings will cost about US$5.3 billion, replacing and repairing infrastructure will cost about US$9.4 billion, including US$4 billion for subways, US$3 billion for telephone, electric and other utility systems, and US$2.4 billion in losses for Port authority, include PATH train, but excluding the World Trade Center building. Also, the value of furniture and fixtures, exmplyee property, computer systems vehicles, inventory in stores, etc. is another US$12 billion. So, this US terrorist attacks matter can bring direct buildings are rebuilt and repair and office equipment expenditure need for the businessmen, they need to spend extra much expenditure to rebuild their offices and renew to buy new equipment facilities to prepare to install in new offices, even they wil encounter many stocks losses in their warehouse in the World Trade Center offices. So, US government needs to spend much expenditure for rebuilding another new building after the World Trade Center building is damaged.



The Macroeconomic Impacts Of The 9 11 Attack


The Macroeconomic Impacts Of The 9 11 Attack
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Author :
language : en
Publisher:
Release Date : 2009

The Macroeconomic Impacts Of The 9 11 Attack written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Economic indicators categories.




The Impact Of September 11th


The Impact Of September 11th
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Author :
language : en
Publisher:
Release Date : 2002-01-01

The Impact Of September 11th written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Economic development categories.




An Assessment Of The Economic Impacts Of The September 11 Terrorist Attacks


An Assessment Of The Economic Impacts Of The September 11 Terrorist Attacks
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Author :
language : en
Publisher:
Release Date : 2001

An Assessment Of The Economic Impacts Of The September 11 Terrorist Attacks written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.




The Impact Of 9 11 On Business And Economics


The Impact Of 9 11 On Business And Economics
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Author : M. Morgan
language : en
Publisher: Springer
Release Date : 2009-08-31

The Impact Of 9 11 On Business And Economics written by M. Morgan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-31 with Business & Economics categories.


The Impact of 9/11 on Business and Economics is the second volume of the six-volume series The Day that Changed Everything? edited by Matthew J. Morgan. The series brings together from a broad spectrum of disciplines the leading thinkers of our time to reflect on one of the most significant events of our time.