Did World War II pull America out of the Great Depression?

Maybe by less than people had thought, here is a new ReStat paper by Gillian Brunet: I use newly-digitized contract data on U.S. war production spending over 1940-1945 to analyze the macroeconomic effects of U.S. military spending in World War II. I find personal income multipliers of 0.34 over two years and 0.49 over three […] The post Did World War II pull America out of the Great Depression? appeared first on Marginal REVOLUTION.