CHRONICLE OF A WAR FORETOLD: THE MACROECONOMIC EFFECTS OF ANTICIPATED DEFENCE SPENDING SHOCKS
CHRONICLE OF A WAR FORETOLD: THE MACROECONOMIC EFFECTS OF ANTICIPATED DEFENCE SPENDING SHOCKS
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Oxford: Oxford University Press
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Language
English
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Oxford: Oxford University Press
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Contents
We identify news shocks to US defence spending as the shocks that best explain future movements in defence spending over a five-year horizon and are orthogonal to current defence spending. Our identified shocks, though correlated with the Ramey (2011) news shocks, explain a larger share of macroeconomic fluctuations and produce significant demand e...
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Full title
CHRONICLE OF A WAR FORETOLD: THE MACROECONOMIC EFFECTS OF ANTICIPATED DEFENCE SPENDING SHOCKS
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TN_cdi_proquest_journals_1929749550
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1929749550
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ISSN
0013-0133
E-ISSN
1468-0297
DOI
10.1111/ecoj.12349
