The Macroeconomic Effects of War Finance in the United States: Taxes, Inflation, and Deficit Finance, 1st Edition (Paperback) book cover

The Macroeconomic Effects of War Finance in the United States

Taxes, Inflation, and Deficit Finance, 1st Edition

By Lee E. Ohanian


134 pages

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Paperback: 9780815363620
pub: 2019-09-18
Hardback: 9780815349662
pub: 2018-06-27
eBook (VitalSource) : 9781351108874
pub: 2018-07-04
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This book, first published in 1998, presents a quantitative investigation of the macroeconomic effects of different fiscal and monetary policies that have been used to finance wars in the US. It examines both positive and normative effects of historical government policies.

Table of Contents

1. Introduction 2. The Macroeconomic Effects of Wartime Fiscal Policy in the United States 2.1. Introduction 2.2. Historical War Episodes 2.3. The Model Economy 2.4. Model Calibration and Welfare Cost Calculation 2.5. Economic Analysis of Government Policies 2.6. Summary and Conclusions 3. The Macroeconomic Effects of World War II Monetary Policy: Price Controls, Rationing, and Inflation 3.1. Introduction 3.2. Monetary Policies During US Wars and Design of Counterfactual Policy 3.3. World War II Rationing and Price Controls 3.4. The Model Economy 3.5. Calibrating the Model with Price Controls 3.6. Economic Analysis of Monetary Policies 3.7. Summary and Conclusions

About the Author

Lee E. Ohanian is Professor of Economics, University of California, Los Angeles Senior Fellow, Hoover Institution, Stanford University.

About the Series

Routledge Library Editions: Taxation

This set gathers together ten essential texts on Taxation. Covering the history of taxation from the seventeenth century to the modern day, these titles range over tax legislation, income taxes, taxation in communist countries, tax and government, and universal income.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General