Government Policy Response to War-Expenditure Shocks
Fernando M. Martin
Simon Fraser University (SFU) - Department of Economics
October 6, 2011
Abstract:
A theory of government policy determination, based on intertemporal distortion-smoothing and limited commitment, matches the set of stylized facts of U.S. wartime policy.
Number of Pages in PDF File: 31
Keywords: government policy, limited commitment, U.S. wars, money micro-foundations
JEL Classification: E13, E52, E62, E63, H60
working papers series
Suggested Citation
Martin, Fernando M., Government Policy Response to War-Expenditure Shocks (October 6, 2011). Available at SSRN: http://ssrn.com/abstract=2038952 or http://dx.doi.org/10.2139/ssrn.2038952
