Working Paper
Government policy response to war-expenditure shocks
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.
https://doi.org/10.20955/wp.2011.028
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Working Papers
Publication Date: 2011
Number: 2011-028