Stamegna, Marco; Bonaiuti, Chiara; Maranzano, Paolo; … - In: Peace economics, peace science and public policy 32 (2026) 1, pp. 101-112
This note responds to the comments by Garbellini (2026) on the treatment of demand shocks in the Input-Output model in Stamegna et al. (2024). We show that the increase in arms expenditure is correctly identified as an investment shock, while increases in public expenditure on environmental...