Three world wars: Fiscal-monetary consequences

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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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Hall, G. J., & Sargent, T. J. (2022). Three world wars: Fiscal-monetary consequences. Proceedings of the National Academy of Sciences of the United States of America, 119(18). https://doi.org/10.1073/pnas.2200349119

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