Journal Article

The impact of the current defense build-down


Abstract: For the third time since the end of World War II, the United States is engaged in a long-term defense build-down. This article provides a broad macroeconomic overview of the current build-down relative to the build-downs following the Korean War and the Vietnam War. In addition, the authors examine regional and industrial impacts of cuts in defense spending.

Keywords: Defense contracts; War - Economic aspects; Employment (Economic theory);

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Quarterly Review

Publication Date: 1992

Volume: 17

Issue: Aut

Pages: 59-68