Howard J. Sherman. 1983. "Cyclical Behavior of Government Fiscal Policy." JEI, 17: 2 (June): pp. 379-88. 381: Military spending rose when Democrats were in power, but fell when Republicans were in power" (except for slight rise during Eisenhower's term) during post war period. 382: "It appears. . . that the government used military spending for the most part as a tool of counter-cyclical planning. In the average peacetime expansion, it fell an average -.14 per month. In the average peacetime, it rose .19 a month."
On Thu, Aug 20, 2009 at 08:27:24AM -0400, Rudy Fichtenbaum wrote: > I don't assume that correlation is causation which is why I wrote in my > original post: > > I am not saying that my analysis proves anything but it sure looks like > the big increases in defense spending were strongly correlated with the > sharp decline in the unemployment rate. It also appears that defense > spending was on the way up well before Pearl Harbor which may be a > surprise to some economists like Barro and Mulligan but would not be a > surprise to historians. > > David B. Shemano wrote: >> Rudy Fichtenbaum writes: >> -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
