How does an increase in government purchases affect economy?
AbstractThis 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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Bibliographic InfoArticle provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.
Volume (Year): (1998)
Issue (Month): Q III ()
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- Darrel Cohen, 1999. "An analysis of government spending in the frequency domain," Finance and Economics Discussion Series 1999-26, Board of Governors of the Federal Reserve System (U.S.).
- Julio J. Rotemberg, 1999.
"A Heuristic Method for Extracting Smooth Trends from Economic Time Series,"
NBER Working Papers
7439, National Bureau of Economic Research, Inc.
- Julio Rotemberg, 1999. "Matlab code for A Method for Decomposing Time Series into Trend and Cycle Components," QM&RBC Codes 75, Quantitative Macroeconomics & Real Business Cycles.
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