Defense Spending Cutbacks and Real Interest Rates in the Neoclassical One-Sector and Two-Sector Models

This paper uses the neoclassical one-sector and two-sector models to examine the behavior of real interest rates in response to cutbacks on defense spending on capital goods and army personnel. It is demonstrated that while a permanent decline in defense spending on capital goods and military person...

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主要作者: HOON, Hian Teck
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 1992
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在線閱讀:https://ink.library.smu.edu.sg/soe_research/182
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機構: Singapore Management University
語言: English