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Assessing the Effects of the Terrorist Attacks on the U.S. Economy

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dc.creator Strauß, Hubert
dc.date 2001
dc.date.accessioned 2013-10-16T06:57:12Z
dc.date.available 2013-10-16T06:57:12Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17884
dc.identifier ppn:335980708
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17884
dc.description The terrorist attacks of September 11 have challenged the view that the U.S. economy is on the brink of recovery. This article discusses the effects of the attacks on real GDP taking the Kiel Institute?s forecast of September 10 as the baseline scenario. The focus is on assessing the direct production losses in the week of September 10?16. Anecdotal evidence is combined with economic reasoning (on the non storability of services, the role of air transports and on the complementarity between services). As to the indirect effects, I assume that the downturn in sentiment will be severe but short-lived. Under the technical assumption of a stabilizing political situation economic activity in 2002 will recover more vigorously than previously thought due to postponed purchases and a more expansionary stance of economic policies.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1077
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject L93
dc.subject L80
dc.subject E37
dc.subject E32
dc.subject ddc:330
dc.subject Business Cycle
dc.subject U.S. economy
dc.subject terrorist attacks
dc.subject air transportation
dc.subject services
dc.subject Politische Gewalt
dc.subject Makrooekonomischer Einfluss
dc.subject Konjunkturprognose
dc.subject Vereinigte Staaten
dc.title Assessing the Effects of the Terrorist Attacks on the U.S. Economy
dc.type doc-type:workingPaper
dc.coverage 2001-2001


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