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  • 标题:The Economic Consequences of Terrorism
  • 本地全文:下载
  • 作者:Patrick Lenain ; Marcos Bonturi ; Vincent Koen
  • 期刊名称:Economics Department Working Papers / OECD
  • 印刷版ISSN:0259-4633
  • 出版年度:2002
  • 卷号:2002
  • DOI:10.1787/511778841283
  • 出版社:Organisation for Economic Co-operation and Development (OECD)
  • 摘要:The unprecedented 11 September 2001 terrorist attacks in the United States caused massive casualties and damage, and ushered in an era of greater uncertainty. While a prompt and vigorous policy response helped limit the immediate economic impact of the aggression, the heightened terrorist threat has some long-lasting, if diffuse, macroeconomic repercussions. Three channels of influence are explored in this paper: shrinking insurance coverage stemming from the perception of greater risk, higher trade costs possibly affecting international trade, and stepped-up security spending partially rolling back the "peace dividend" of the 1990s. It is argued that, in the absence of new large-scale terrorist attacks, and provided terrorism risk is dealt with efficiently, the net long-run macroeconomic impact is probably tangible but limited ...
  • 关键词:fiscal policy; transport; monetary policy; terrorism; security; defence; uncertainty; insurance
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