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.
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.
Authors: Gary Clyde Hufbauer, Jeffrey J. Schott, and Barbara Oegg
This policy briefing from the Institute for International Economics analyzes the effectiveness and foreign policy implications of using economic sanctions as a weapon in the war on terrorism.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.