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Title:Chronicle of a war foretold : the macroeconomic effects of anticipated defense spending shocks Author(s):BEN ZEEV, Nadav; PAPPA, EviDate:2014Type:Working PaperSeries/Number:CEPR Discussion Paper; 2014/9948Abstract:We identify US defense news shocks as shocks that best explain future movements in defense spending over a five-year horizon and are orthogonal to current defense spending. Our identified shocks are strongly correlated ...