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Banking, finance, and money : a socioeconomics approach
Wray, L. Randall (contributor) - 2006
This paper briefly summarizes the orthodox approach to banking, finance, and money, and then points the way toward an alternative based on socioeconomics. It argues that the alternative approach is better fitted to not only the historical record, but also sheds more light on the nature of money...
Persistent link: https://www.econbiz.de/10003720491
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The effect of defense spending on US output : a Factor Augmented Vector Autoregression (FAVAR) approach
Gupta, Rangan; Kabundi, Alain; Ziramba, Emmanuel - In: Defence and peace economics 21 (2010) 2, pp. 135-147
Persistent link: https://www.econbiz.de/10003985323
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IS U.S. MONEY CAUSING CHINA'S OUTPUT?
Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2009
This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic … monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results … indicate that the main monetary instrument in the U.S., the Federal Fund Rate, Granger causes China’s output. A second monetary …
Persistent link: https://www.econbiz.de/10004999560
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U.S. Military Spending : A Look at Some Statistics
McGee, Robert W. - 2017
This paper examines U.S. military spending from 2000-2015 in an attempt to determine whether cuts in military spending have decimated the U.S. military, as some political leaders suggest, and whether a large increase in military spending can be justified
Persistent link: https://www.econbiz.de/10012961710
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The Budgets of Wars : Analysis of the U.S. Defense Stocks in the Post-Cold War Era
Gurdgiev, Constantin - 2019
Persistent link: https://www.econbiz.de/10012901821
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Interdependence between US and European Military Spending : A Panel Cointegration Analysis (1988-2013)
Caruso, Raul - 2015
The aim of this paper is to study the interdependence of military spending between US and a panel of European countries in the period 1988-2013. The empirical estimation is based on a: (i) a unit root tests and a cointegration analysis; (ii) FMOLS and DOLS estimations. General results highlight...
Persistent link: https://www.econbiz.de/10013022255
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"Delicate and embarassing" : U.S. loans to suppress Haitian independence
Gulati, Mitu; Oosterlinck, Kim; Panizza, Ugo; … - 2024
This paper describes George Washington's administration response to a plea for emergency war financing from French colonists who were trying to quash a slave rebellion in Haiti (then Saint Domingue). Washington bypassed Congress and authorized assistance to the French planters, hoping that...
Persistent link: https://www.econbiz.de/10014534714
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Using military build-ups to capture fiscal shocks : a reassessment
Yang, Weonho; Fidrmuc, Jan; Ghosh, Sugata - 2014
Ramey (2011a) and others argue that increases in government spending associated with wars and military build-ups constitute a good instrument for measuring the macroeconomic effects of fiscal shocks. We argue that this instrument has two important drawbacks: the composition of government...
Persistent link: https://www.econbiz.de/10010256126
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The Dynamic Effect of Public Expenditure Shocks in the United States
Párraga Rodríguez, Susana - 2016
This paper estimates the dynamic aggregate effect of exogenous shocks to two key components of public expenditure in the United States: government income transfers and government spending. The identification strategy positions the structural shocks to public expenditures in an SVAR framework...
Persistent link: https://www.econbiz.de/10012977701
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The U.S. economy today: Between systemic crisis and permanent war.
Herrera, Rémy - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2013
This paper studies the U.S. economy from an original point of view: that of the links existing between crisis and war. The first part analyzes the workings of the current crisis, considered to be a “systemic” one. The second part places the U.S. economy at the very heart of this crisis. The...
Persistent link: https://www.econbiz.de/10010617538