Ever since the arrival of the COVID-19 pandemic in the US in 2020 led to a surge in people working from home, New York and other big cities have been forced to reckon with the possibility of a Doom Loop scenario of vacant offices and flagging economies. But given the right set of policies, cities can reverse their fortunes and embark upon a path to a Boom Loop of greater productivity and economic growth. In this Special Briefing on  May 29, 2024 the authors of the forthcoming Volcker Alliance issue paper, "Doom Loop or Boom Loop: Work from Home and the Challenges Facing America’s Big Cities," and an expert panel discussed the future economic impacts of remote work.

Our panel of experts included the paper’s authors, David Stanek, vice president, and Richard Voith, founding principal, Econsult Solutions Inc.; as well as Jose Maria Barrero, assistant professor, Instituto Tecnológico Autónomo de Mexico; Stijn Van Nieuwerburgh, professor of real estate, Columbia Business School; and Kathryn Wylde, president and chief executive officer, Partnership for New York City.

Moderated by William Glasgall, Volcker Alliance senior director, public finance and Penn IUR fellow, and Susan Wachter, co-director of Penn IUR and a co-author of Doom Loop or Boom Loop, this briefing was the fifty-second in a series of sixty-minute online conversations featuring experts from the national research networks of the Volcker Alliance and Penn IUR, along with other leading academics, economists, and federal, state, and local leaders.

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