Three world wars: Fiscal-monetary consequences

George J. Hall; Thomas J. Sargent

doi:10.1073/pnas.2200349119

Three world wars: Fiscal-monetary consequences

George J. Hall, Thomas J. Sargent

Research output: Contribution to journal › Article › peer-review

Abstract

Directed by a consolidated government budget constraint, we compare US monetary- fiscal responses to World Wars I and II and the War on COVID-19.

Original language	English (US)
Article number	2200349119
Journal	Proceedings of the National Academy of Sciences of the United States of America
Volume	119
Issue number	18
DOIs	https://doi.org/10.1073/pnas.2200349119
State	Published - May 3 2022

Keywords

COVID-19
inflation
unpleasant monetarist arithmetic

ASJC Scopus subject areas

General

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10.1073/pnas.2200349119

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title = "Three world wars: Fiscal-monetary consequences",

abstract = "Directed by a consolidated government budget constraint, we compare US monetary- fiscal responses to World Wars I and II and the War on COVID-19.",

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Three world wars: Fiscal-monetary consequences

Abstract

Keywords

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