The Effect of Ending Hostilities on Output and Employment

Paul Davidson

Chapter 21 in Interpreting Keynes for the 21st Century, 2007, pp 269-276 from Palgrave Macmillan

Abstract: Abstract Peace is usually considered socially desirable. Yet the historical record indicates that the ending of hostilities can cause severe economic problems in the form of a significant increase in the rate of unemployment and a downturn in national production even for the victorious nations.

Keywords: Unemployment Rate; Monetary Policy; Federal Reserve; Government Expenditure; Marshall Plan (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28655-9_21

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DOI: 10.1057/9780230286559_21

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