31 Pages Posted: 13 Apr 2012
Date Written: October 6, 2011
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.
Keywords: government policy, limited commitment, U.S. wars, money micro-foundations
JEL Classification: E13, E52, E62, E63, H60
Suggested Citation: Suggested Citation
By Shouyong Shi