Browsing by Author "Fisher, JDM"

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    • Fiscal shocks and their consequences 

      Burnside, C; Eichenbaum, M; Fisher, JDM (Journal of Economic Theory, 2004-03-01)
      This paper investigates the response of hours worked and real wages to fiscal policy shocks in the post-World-War II US. We identify these shocks with exogenous changes in military purchases and argue that they lead to a ...