Post-Attack Economic Stabilization Issues for Federal, State, and Local Governments

Abstract : This study was part of Federal Emergency Management Agency effort to improve the level of readiness of governments to undertake an economic stabilization program during a national security emergency. The study includes: a review and evaluation of the capabilities of five Federal, State, and local agencies to undertake and administer such a program; a review and evaluation of the authorities for such actions; an examination of the timing and mix of Economic stabilization (E.S.) measures in a pre-attack evacuation and post- attack periods; a study of possible psychological effects attendant to E.S. control; an evaluation of current and proposed payment systems that might be used for payments and rationing; and proposals for updating E.S. guidance documents on rents, salaries and wages, prices, rationing, and money, credit,and banking. Keywords: Governments; Economic stabilization; National security emergency; Psychological effects; Payment systems; Rents; Salaries and wages; Prices; Rationing; Money, credit, and banking.