We review our earlier studies that estimated the overall economic cost of the 9-11 attacks on New York City. Since the attack took place during a national and local recession, we emphasize the importance of controlling for economic conditions to obtain a precise estimate of the attack's effects....

This paper evaluates the use of measures of regional economic activity to forecast tax revenues for New York State and New York City at 3-, 6-, and 12-month horizons. We construct sales- and withholding-tax base series and then apply the methodology of Stock and Watson (1989, 1991) to estimate...