The authors examine the local long-run net impact of Hurricane Katrina and the subsequent policy response on New Orleans residents. They find that, ten years after the storm, inundated city residents have higher rates of insolvency and lower homeownership than their non-flooded neighbors, and that residents of the Gulf Opportunity Zone obtained net financial benefits.
Thirty years has marked the outer limit of Treasury bond maturities ever since the emergence of regular and predictable issuance of coupon-bearing Treasury debt in the 1970s. However, seven longer-term bonds, including one with a forty-year maturity, were issued between 1955 and 1963. The author examines the circumstances that led to the issuance of those seven bonds.
By Kenneth D. Garbade, Staff Reports 806, January 2017