World War II Fiscal Policies and the End of the Great Depression
研究发现,美国经济在1942年恢复充分就业,二战财政政策在1940年后成为推动复苏的关键因素,此前财政政策并非主要动力。
The United States economy completed its recovery from the Great Depression in 1942, restoring full-employment output in that year after 12 years of below-full-employment performance. Fiscal policies were not the most important factor in the 1933 through 1940 phase of the recovery, but they became the most important factor after 1940, when the recovery was less than half-complete. World War II fiscal policies were, then, instrumental in the overall restoration of full-employment performance.