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Government Policy Response to War-Expenditure Shocks
Working Paper 2011-028A by
Fernando M. Martin
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.
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https://doi.org/10.20955/wp.2011.028
https://doi.org/10.1515/1935-1690.2151