Ahmed, Haydory Akbar; Mahmood, Sharif; Shadmani, Hedieh - In: Journal of government and economics : JGE 7 (2022), pp. 1-12
This paper explores the dynamic relationship among defense and non-defense government spending, the government debt, and the output gap in the United States. We estimate structural vector auto-regression (SVAR) models for the full sample (1947:Q1 to 2021:Q1), as well as two sub-samples:...