The Show on KJZZ

Listen live weekdays at 9 a.m.

What Causes Cities' Decline During Recessions?

Published: Friday, June 17, 2016 - 4:58pm
Audio icon Download mp3 (6.22 MB)
(Photo by Mark Brodie - KJZZ News)
Central Avenue in midtown Phoenix.

Which cities suffer the most during a recession? How about several recessions?

Researchers at the Federal Reserve Bank of St. Louis analyzed how 50 U.S metro areas, including Phoenix, fared during recessions between the 90’s and the Great Recession. Phoenix fared better than cities like Las Vegas, San Jose and Detroit.

Charles Gascon is a regional economist at the Federal Reserve Bank of St. Louis and an author of the paper.

The Show