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Output response to government spending : evidence from new international military spending data
Sheremirov, Viacheslav; Spirovska, Sandra - 2015 - This version: July 2015
effect of government spending on output. Following a popular assumption that military spending is unlikely to respond to … output at business-cycle frequencies - and exploiting variation in military spending of a significantly larger magnitude than … economies and in countries with a fixed exchange rate. The output response to government spending persists for about two to …
Persistent link: https://www.econbiz.de/10011305775
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The Impact of Worldwide Military Spending Cuts on Developing Countries
Bayoumi, Tamim - 2006
This paper investigates the economic impact of a coordinated reduction in military expenditures of 20 percent using a specially modified version of the MULTIMOD world economic model. Simulation results indicate that in developing countries the present value of consumption increases by 46 percent...
Persistent link: https://www.econbiz.de/10012781586
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Military Expenditure and Arms Trade : Alternative Data Sources
Happe, Nancy - 2006
Analysis of the economic impact of military expenditures and arms trade is frequently hampered by the limited amount of transparent, comprehensive data. Country-specific information can be supplemented, however, by data from multicountry statistical sources. This paper describes seven...
Persistent link: https://www.econbiz.de/10012781679
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Output Response to Government Spending : Evidence from New International Military Spending Data
Sheremirov, Viacheslav - 2015
effect of government spending on output. Following a popular assumption that military spending is unlikely to respond to … output at business-cycle frequencies — and exploiting variation in military spending of a significantly larger magnitude than … economies and in countries with a fixed exchange rate. The output response to government spending persists for about two to …
Persistent link: https://www.econbiz.de/10013013539
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Is Military Spending Converging Across Countries? An Examination of Trends and Key Determinants
Clements, Benedict - 2019
This paper studies the evolution of worldwide military spending during 1970-2018. It finds thatmilitary spending in relation to GDP is converging, but into three separate groups of countries. Inthe largest group, responsible for 90 percent of worldwide spending, outlays have remainedstubbornly...
Persistent link: https://www.econbiz.de/10012859871
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Back to the Future : Fiscal Rules for Regaining Sustainability
Cevik, Serhan - 2019
This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the...
Persistent link: https://www.econbiz.de/10012858382
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The Flexible System of Global Models – FSGM
Andrle, Michal - 2015
The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on...
Persistent link: https://www.econbiz.de/10013024429
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The Politicization of Monetary Policy – Revisiting Central Bank Independence in the Light of the Current Political Climate
Küpfer, Mathias - 2020
Independent central banking has experienced a surge in public and academic attention during the past few years, and even more so during the ongoing COVID-19 crisis. An expanding toolset, heightened prominence and increasingly controversial policies have arguably pushed independent monetary...
Persistent link: https://www.econbiz.de/10014090553
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Military spending and innovation : learning from 19th century world fair exhibition data
Danzer, Alexander M.; Danzer, Natalia; Feuerbaum, Carsten - 2023
We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation towards war...
Persistent link: https://www.econbiz.de/10014249117
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Military spending and innovation : learning from 19th century world fair exhibition data
Danzer, Alexander M.; Danzer, Natalia; Feuerbaum, Carsten - 2023
We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation towards war...
Persistent link: https://www.econbiz.de/10014249922