Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/322110 
Autor:innen: 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
LEM Working Paper Series No. 2025/18
Verlag: 
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM), Pisa
Zusammenfassung: 
This paper revisits the empirical analysis of Nakamura and Steinsson (2014). I reconstruct and extend the original dataset to cover the period 1966-2019, harmonizing two major sources of data: the Defense Contract Action Data System (DCADS) and USAspending.gov. I discuss how to aggregate these contract-level data to better capture spending more directly tied to domestic stimulus. Estimated multipliers are slightly lower in narrow replications but increase when incorporating later fiscal episodes. I also assess the validity and the stability of cross-sectional estimates. While some heterogeneity exists, dispersion in state-level responses remains within reasonable boundaries, especially when accounting for dynamic persistence.
Schlagwörter: 
Fiscal Policy
Government expenditures
Cross-sectional multipliers
Defense Procurement
JEL: 
E62
H57
C18
R12
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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