Federal Reserve Bank of Richmond: "The Value of Government Services: Evidence From Flight Delays During the 2025 Shutdown"
December 23, 2025
December 23, 2025
RICHMOND, Virginia, Dec. 23 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 25-45) in Decembr 2025 by Russell Wong entitled "The Value of Government Services: Evidence From Flight Delays During the 2025 Shutdown".
Here are excerpts:
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Government services often have more value in preventing disruptions than producing directly observable outputs. As a result, their contributions are difficult to measure . . .
Here are excerpts:
* * *
Government services often have more value in preventing disruptions than producing directly observable outputs. As a result, their contributions are difficult to measure . . .