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The impact of the current defense build-down


  • Ronnie Lowenstein
  • Richard Peach


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.

Suggested Citation

  • Ronnie Lowenstein & Richard Peach, 1992. "The impact of the current defense build-down," Quarterly Review, Federal Reserve Bank of New York, issue Aut, pages 59-68.
  • Handle: RePEc:fip:fednqr:y:1992:i:aut:p:59-68:n:v.17no.3

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    References listed on IDEAS

    1. Roger S. Smith, 1990. "Factors Affecting Saving, Policy Tools, and Tax Reform: A Review," IMF Staff Papers, Palgrave Macmillan, vol. 37(1), pages 1-70, March.
    2. Steven F. Venti & David A. Wise, 1990. "Have IRAs Increased U. S. Saving?: Evidence from Consumer Expenditure Surveys," The Quarterly Journal of Economics, Oxford University Press, vol. 105(3), pages 661-698.
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    Cited by:

    1. Bayoumi, Tamim & Hewitt, Daniel & Symansky, Steven, 1998. "The Impact of Worldwide Military Spending Cuts on Developing Countries," Journal of Policy Modeling, Elsevier, vol. 20(3), pages 261-303, June.


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