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The impact of the current defense build-down

Author

Listed:
  • 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.

Suggested Citation

  • Ronnie Lowenstein & Richard Peach, 1992. "The impact of the current defense build-down," Quarterly Review, Federal Reserve Bank of New York, vol. 17(Aut), pages 59-68.
  • Handle: RePEc:fip:fednqr:y:1992:i:aut:p:59-68:n:v.17no.3
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    File URL: http://www.newyorkfed.org/research/quarterly_review/1992v17/v17n3article5.pdf
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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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