Global Hegemony and Exorbitant Privilege
收藏NBER2024-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32775
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资源简介：
We present a dynamic two-country model in which military spending, geopolitical risk, and government bond prices are jointly determined. The model is consistent with three empirical facts: hegemons have a funding advantage, this advantage rises with geopolitical tensions, and war losers suffer from
提供机构：
美国国家经济研究局
创建时间：
2024-08-01
