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dc.contributor.authorStrauß, Huberten_US
dc.description.abstractThe 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.en_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1077en_US
dc.subject.keywordBusiness Cycleen_US
dc.subject.keywordU.S. economyen_US
dc.subject.keywordterrorist attacksen_US
dc.subject.keywordair transportationen_US
dc.subject.stwPolitische Gewalten_US
dc.subject.stwMakrooekonomischer Einflussen_US
dc.subject.stwVereinigte Staatenen_US
dc.titleAssessing the Effects of the Terrorist Attacks on the U.S. Economyen_US
dc.typeWorking Paperen_US
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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