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Federal Reserve Bank of Chicago
Economic Perspectives
How does an increase in government purchases affect economy?
Martin Eichenbaum
Jonas D. M. Fisher
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.


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Martin Eichenbaum & Jonas D. M. Fisher, "How does an increase in government purchases affect economy?" , Federal Reserve Bank of Chicago, Economic Perspectives, issue Q III, pages 29-43, 1998.
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Keywords: Economic development ; Macroeconomics ; Labor market ; Expenditures; Public ; Defense industries
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