News of defence spending changes the economic behaviour of people and firms

Zeev, Nadav Ben (2017) News of defence spending changes the economic behaviour of people and firms [Online resource]
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Announced changes in US public spending on defence have a significant impact on the economic behaviour of firms and households. In particular, anticipated increases in defence spending induce a significant and persistent increase in output, hours worked, the interest rate and inflation, as well as significant impact responses for consumption and investment.


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