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.


As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District—including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia—to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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