Demonstrating the Undemonstrable: A Reply to Garrison and Mayhew.
In this article the authors reply back to professors Charles B. Garrison and Anne Mayhew regarding Vietnam war. A preliminary point regarding the Garrison-Mayhew approach involves their use of the GNP gap. On January 15, 1951, in the sixth month of the first year of escalation in the Korean War, the...
| Publicado en: | Journal of Economic Issues Vol. 17; no. 1; pp. 186 - 197 |
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| Autores principales: | , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Mar83
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4697967&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4697967 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00213624 JEI jtl: Journal of Economic Issues issn: 00213624 maglogo: N pubinfo: dt: Mar83 vid: 17 iid: 1 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 4697967 10.1080/00213624.1983.11504095 ppf: 186 ppct: 11 formats: tig: atl: Demonstrating the Undemonstrable: A Reply to Garrison and Mayhew. aug: au: Walker, John F. Vatter, Harold G. affil: Professors of Economics, Portland State University, Oregon. su: Escalation (Military science) Vietnam War, 1961-1975 Price inflation Consumer price indexes Hypothesis Phillips curve Economic demand Taxation Economics Vietnam sug: subj: Vietnam Escalation (Military science) Vietnam War, 1961-1975 Price inflation Consumer price indexes Hypothesis Phillips curve Economic demand Taxation Economics ab: In this article the authors reply back to professors Charles B. Garrison and Anne Mayhew regarding Vietnam war. A preliminary point regarding the Garrison-Mayhew approach involves their use of the GNP gap. On January 15, 1951, in the sixth month of the first year of escalation in the Korean War, the consumer price index (CPI) was 181.5, already 6.64 percent above its pre-escalation level of 170.2 in June 1950. In striking contrast, as of March 1966, the CPI at 112.0 was only 1.6 percent above its pre-escalation level of 110.2 six months earlier in September 1965. A prefacing central theme has to do with Garrison and Mayhew's treatment of the inflation beginning with 1968. To attribute the inflation from 1968 through 1973 overwhelmingly, as do they, to the Vietnam escalation and de-escalation, in view of the number of professionally acknowledged competing hypotheses, is nothing short of an elementary statistical error. It is quite possible to entertain for this period cost-push, administered price, monetarist, deficit-monetarist, or bottleneck hypotheses as well as excessive total demand. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1983 holdings: @attributes: islocal: N |
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