The macroeconomic effects of war finance in the United States: World War II and the Korean war

Article Abstract:

The US government applied two different fiscal policies to finance World War II and the Korean War. Expenditures during the former were financed by issuing debt to smooth tax distortions while expenditures during the latter were financed by higher capital and labor taxes. Results from the evaluation of the two wartime government policies reveal that using a balanced-budget policy equivalent to the Korean War policy during World War II would have resulted in much lower output and welfare in comparison to the policy used.

Public Finance Activities, Economics, Fiscal Policy, Analysis, Evaluation, Economic policy, War, War economy, World War II, 1939-1945, Korean War, 1950-1953

---

Why did productivity fall so much during the Great Depression?

Article Abstract:

Total productivity in the US fell 18% in the Great Depression. This decrease is analyzed and explained by examining 5 factors, labor-hoarding, capacity utililization, quality of input factors, changes in production methods and increasing returns.

United States, History, Industrial productivity, Great Depression, Depressions, Economic depressions

---

Innovations and issues in monetary policy: panel discussion

Article Abstract:

A panel discussion of monetary policy and Federal Reserve's actions in past 15 years is presented. The economists from various universities have participated.

Strategy & planning, Forecasts, trends, outlooks, Planning, Forecasts and trends, United States. Federal Reserve Board, Market trend/market analysis, Monetary policy, Panel Discussion, Company business planning

Similar abstracts:

• Abstracts: The macroeconomic effects of waiting workers in the Chinese economy. The road to capitalism: competition and institutional change in China
• Abstracts: The economic impact of the foot-and-mouth crisis. UK forecast tables. The economic impact of reducing the inflation target
• Abstracts: The boundaries of the firm revisited. New evidence and perspectives on mergers. Corporate governance and merger activity in the United States: making sense of the 1980s and 1990s
• Abstracts: The nature of precautionary wealth. The augmented Solow model and the productivity slowdown
• Abstracts: Characterizing sustainability: the converse of Hartwick's rule. Sustainable growth, renewable resources and pollution

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.