Matches in SemOpenAlex for { <https://semopenalex.org/work/W3142034162> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W3142034162 abstract "This paper is about the size of fiscal multipliers and the sources of recovery from the Great Depression. Its baseline result is that 89.1 percent of the 1939:Q1-1941:Q4 recovery can be attributed to fiscal policy innovations, 34.1 percent to monetary policy innovations and the remaining -23.2 percent to the combined effect of the basic VAR dynamic forecast and innovations in non-government components of GDP. Traditional Keynesian multipliers assume that there are no capacity constraints to impede a fiscal-driven expansion in aggregate demand. On the contrary, we find ample evidence of capacity constraints in 1941, particularly in the second half of that year. As a result our preferred government spending multiplier is 1.80 when the time period ends in 1941:Q2 but only 0.88 when the time period ends in supply-constrained 1941:Q4. Only the 1.80 multiplier is relevant to situations like 2009-10 when capacity constraints are absent across the economy. Two sets of new insights emerge from a review of contemporary print media. We document that the American economy went to war starting in June 1940, fully 18 months before Pearl Harbor. We also detail the bifurcated nature of the 1941 economy, with excess capacity in its labor market but capacity constraints in many of the key manufacturing industries. By July 1941, the American economy was in a state of perceived national emergency." @default.
- W3142034162 created "2021-04-13" @default.
- W3142034162 creator A5023091859 @default.
- W3142034162 creator A5041061619 @default.
- W3142034162 date "2010-01-01" @default.
- W3142034162 modified "2023-09-23" @default.
- W3142034162 title "The End of the Great Depression 1939-41: Policy Contributions and Fiscal Multipliers" @default.
- W3142034162 hasPublicationYear "2010" @default.
- W3142034162 type Work @default.
- W3142034162 sameAs 3142034162 @default.
- W3142034162 citedByCount "0" @default.
- W3142034162 crossrefType "posted-content" @default.
- W3142034162 hasAuthorship W3142034162A5023091859 @default.
- W3142034162 hasAuthorship W3142034162A5041061619 @default.
- W3142034162 hasConcept C100243477 @default.
- W3142034162 hasConcept C10138342 @default.
- W3142034162 hasConcept C124584101 @default.
- W3142034162 hasConcept C126285488 @default.
- W3142034162 hasConcept C12725497 @default.
- W3142034162 hasConcept C13166094 @default.
- W3142034162 hasConcept C138885662 @default.
- W3142034162 hasConcept C139719470 @default.
- W3142034162 hasConcept C162324750 @default.
- W3142034162 hasConcept C17744445 @default.
- W3142034162 hasConcept C199539241 @default.
- W3142034162 hasConcept C203379541 @default.
- W3142034162 hasConcept C2776867660 @default.
- W3142034162 hasConcept C2778137410 @default.
- W3142034162 hasConcept C2779999868 @default.
- W3142034162 hasConcept C2781030141 @default.
- W3142034162 hasConcept C2781356325 @default.
- W3142034162 hasConcept C34447519 @default.
- W3142034162 hasConcept C41895202 @default.
- W3142034162 hasConcept C524878704 @default.
- W3142034162 hasConcept C552438157 @default.
- W3142034162 hasConcept C556758197 @default.
- W3142034162 hasConceptScore W3142034162C100243477 @default.
- W3142034162 hasConceptScore W3142034162C10138342 @default.
- W3142034162 hasConceptScore W3142034162C124584101 @default.
- W3142034162 hasConceptScore W3142034162C126285488 @default.
- W3142034162 hasConceptScore W3142034162C12725497 @default.
- W3142034162 hasConceptScore W3142034162C13166094 @default.
- W3142034162 hasConceptScore W3142034162C138885662 @default.
- W3142034162 hasConceptScore W3142034162C139719470 @default.
- W3142034162 hasConceptScore W3142034162C162324750 @default.
- W3142034162 hasConceptScore W3142034162C17744445 @default.
- W3142034162 hasConceptScore W3142034162C199539241 @default.
- W3142034162 hasConceptScore W3142034162C203379541 @default.
- W3142034162 hasConceptScore W3142034162C2776867660 @default.
- W3142034162 hasConceptScore W3142034162C2778137410 @default.
- W3142034162 hasConceptScore W3142034162C2779999868 @default.
- W3142034162 hasConceptScore W3142034162C2781030141 @default.
- W3142034162 hasConceptScore W3142034162C2781356325 @default.
- W3142034162 hasConceptScore W3142034162C34447519 @default.
- W3142034162 hasConceptScore W3142034162C41895202 @default.
- W3142034162 hasConceptScore W3142034162C524878704 @default.
- W3142034162 hasConceptScore W3142034162C552438157 @default.
- W3142034162 hasConceptScore W3142034162C556758197 @default.
- W3142034162 hasLocation W31420341621 @default.
- W3142034162 hasOpenAccess W3142034162 @default.
- W3142034162 hasPrimaryLocation W31420341621 @default.
- W3142034162 hasRelatedWork W1484111043 @default.
- W3142034162 hasRelatedWork W1551787901 @default.
- W3142034162 hasRelatedWork W1564126940 @default.
- W3142034162 hasRelatedWork W1807790675 @default.
- W3142034162 hasRelatedWork W1976460428 @default.
- W3142034162 hasRelatedWork W2053142295 @default.
- W3142034162 hasRelatedWork W2062107002 @default.
- W3142034162 hasRelatedWork W2121178918 @default.
- W3142034162 hasRelatedWork W2127951521 @default.
- W3142034162 hasRelatedWork W2163270607 @default.
- W3142034162 hasRelatedWork W2196624632 @default.
- W3142034162 hasRelatedWork W2425775391 @default.
- W3142034162 hasRelatedWork W3092014150 @default.
- W3142034162 hasRelatedWork W3121402468 @default.
- W3142034162 hasRelatedWork W3123007177 @default.
- W3142034162 hasRelatedWork W3125819992 @default.
- W3142034162 hasRelatedWork W3203532639 @default.
- W3142034162 hasRelatedWork W3209130689 @default.
- W3142034162 hasRelatedWork W33511636 @default.
- W3142034162 hasRelatedWork W2602421851 @default.
- W3142034162 isParatext "false" @default.
- W3142034162 isRetracted "false" @default.
- W3142034162 magId "3142034162" @default.
- W3142034162 workType "article" @default.