Terrorism and the Economy

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Ohio State: Terrorism and the Stock Market

Authors: Andrew Karoly and Todolfo Martell

In their working paper, Andrew Karoly and Todolfo Martell examine the impact on stock prices in the aftermath of terrorist attacks. The study identifies 75 attacks on publicly traded firms between 1995 and 2002 from the Counterterrorism Office of the U.S. Department of State and elucidates the market effect of these attacks. A comprehensive understanding of the nature of terrorism and its effects is integral to the prevention of such attacks.

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Brookings Report: The Potential Impacts of Recession and Terrorism on U.S. Cities

Authors: Alice M. Rivlin and Alan Berube

Many urban residents and city officials are worried that the combined impact of the recession and ongoing terrorist threats may have a devastating effect on the health of cities. This Brookings Institution paper attempts to shed light on these concerns by examining the impact of the last two recessions on large cities, by exploring recent trends that may affect the vulnerability of cities in the current recession, and by speculating on the long-term effects of terrorism on urban centers.

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