How does an increase in government purchases affect economy?
Abstract: This article studies the impact on aggregate economic activity of increases in defense purchases which are unrelated to other developments in the economy. The authors use empirical evidence to evaluate the predictions of several prominent models.
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/economic_perspectives/1998/ep3Q98_3.pdf
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 1998
Issue: Q III