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The macroeconomic effects of big fiscal shocks: the case of World War II

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  • Ellen R. McGrattan
  • Lee E. Ohanian

Abstract

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Suggested Citation

  • Ellen R. McGrattan & Lee E. Ohanian, 1999. "The macroeconomic effects of big fiscal shocks: the case of World War II," Working Papers 599, Federal Reserve Bank of Minneapolis.
  • Handle: RePEc:fip:fedmwp:599
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    File URL: http://www.minneapolisfed.org/research/common/pub_detail.cfm?pb_autonum_id=790
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    Cited by:

    1. Edward C. Prescott, 2002. "Prosperity and Depression: 2002 Richard T. Ely Lecture," Working Papers 618, Federal Reserve Bank of Minneapolis.
    2. Ellen R. M cG rattan & Lee E. Ohanian, 2010. "Does Neoclassical Theory Account For The Effects Of Big Fiscal Shocks? Evidence From World War Ii," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(2), pages 509-532, May.
    3. Kuismanen, Mika & Kämppi, Ville, 2010. "The effects of fiscal policy on economic activity in Finland," Economic Modelling, Elsevier, vol. 27(5), pages 1315-1323, September.
    4. Burnside, Craig & Eichenbaum, Martin & Fisher, Jonas D. M., 2004. "Fiscal shocks and their consequences," Journal of Economic Theory, Elsevier, vol. 115(1), pages 89-117, March.
    5. Carlson Mark A & King Thomas & Lewis Kurt, 2011. "Distress in the Financial Sector and Economic Activity," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-31, June.
    6. Angeletos, George-Marios & Panousi, Vasia, 2009. "Revisiting the supply side effects of government spending," Journal of Monetary Economics, Elsevier, vol. 56(2), pages 137-153, March.
    7. Edward C. Prescott, 2002. "Prosperity and Depression," American Economic Review, American Economic Association, vol. 92(2), pages 1-15, May.

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    Keywords

    Macroeconomics - Econometric models;

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