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The impact of the current defense build-down

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Author Info

  • Ronnie Lowenstein
  • Richard Peach

Abstract

For the third time since the end of World War II, the United States is engaged in a long-term defense build-down. This article provides a broad macroeconomic overview of the current build-down relative to the build-downs following the Korean War and the Vietnam War. In addition, the authors examine regional and industrial impacts of cuts in defense spending.

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File URL: http://www.newyorkfed.org/research/quarterly_review/1992v17/v17n3article5.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of New York in its journal Quarterly Review.

Volume (Year): (1992)
Issue (Month): Aut ()
Pages: 59-68

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Handle: RePEc:fip:fednqr:y:1992:i:aut:p:59-68:n:v.17no.3

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Keywords: Defense contracts ; War - Economic aspects ; Employment (Economic theory);

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Cited by:
  1. Steven A. Symansky & Tamim Bayoumi & Daniel P. Hewitt, 1993. "The Impact of Worldwide Military Spending Cutson Developing Countries," IMF Working Papers 93/86, International Monetary Fund.

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