Defense Government Spending Is Contractionary, Civilian Government Spending Is Expansionary
收藏NBER2014-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20179
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Impulse responses to government spending shocks in Standard Vector Autoregressions (SVARs) typically display "expansionary" features. However, SVARs can be subject to a "non-fundamentalness" problem. "Expectations - Augmented" VARs (EVARs), which use direct measures of forecasts of defense spending,
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美国国家经济研究局创建时间：
2014-05-01
