Series: IMF Working Papers
Author(s): Shafik Hebous , and Tom Zimmermann
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2016
Keywords: Federal Procurement, Financing Constraints, Spending Multipliers, government spending, contracts, capital investment, fiscal policy, General, Other, All Countries,
We study the effects of federal purchases on firms' investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. We find that 1...