Press Releases

Economic Brief

July 11, 2017

Richmond Fed Brief Tackles the Economics of Urban Decline

The latest Economic Brief from the Richmond Fed examines the dynamics of urban decline and redevelopment.

Distilled from the featured essay in the Bank’s 2016 Annual Report, the brief discusses the forces that lead some cities to decline. The authors also evaluate a variety of place-based and people-based policy responses to help people who live in those cities. Because every city is different, they caution that revitalization efforts that worked for one city may not work for another.

The Richmond Fed’s Economic Brief series provides web-exclusive essays on current economic issues and trends. Sign up to receive an email notification when a new essay is posted.


The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.

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