| ENDNOTES |
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| 1 |
In a repurchase agreement, or repo, the Federal Reserve agrees
to purchase assets and hold them for a time and sell them back at a predetermined
price in the future.
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| 2 |
Deposits at Federal Reserve banks are the sum of "Service
related balances and adjustments" and "Reserve balances with FR
banks."
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| 3 |
Macroeconomic Advisers (2001) quote estimates of the physical
damages from other sources. Data on the U.S. capital stock were taken from
Haver Analytics.
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| REFERENCES |
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Blue Chip Consensus. Moore, Randell E., ed. Blue Chip Economic
Indicators, Aspen Publishers Inc., 10 October 2001, Vol. 26, No. 10.
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Macroeconomic Advisers. "Preliminary Analysis of the
Macroeconomic Effects of the September 11 Terrorist Attacks on the U.S."
Macroeconomic Advisers Economic Outlook, 21 September 2001, Vol.
19, No. 8.
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