Macroeconomic Policy During Wartime:

The paper is organized as follows: Section two discusses the RBC and New Keynesian literature on macroeconomics and war. Section three describes the two main data sets used. Section 4 presents the results for the non-policy variables (real output, nominal output, and inflation) and the policy variables (money growth, spending, and taxation). ................
................

In order to avoid copyright disputes, this page is only a partial summary.