Abstract

http://ssrn.com/abstract=2038952
 
 

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Government Policy Response to War-Expenditure Shocks


Fernando M. Martin


Federal Reserve Banks - Federal Reserve Bank of Saint Louis

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


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Date posted: April 13, 2012  

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

Contact Information

Fernando M. Martin (Contact Author)
Federal Reserve Banks - Federal Reserve Bank of Saint Louis ( email )
411 Locust St
Saint Louis, MO 63011
United States
314-444-7350 (Phone)
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References:  32
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