S. Ambler and A. Paquet, Stochastic Depreciation and the Business Cycle, International Economic Review, vol.35, issue.1, pp.101-116, 1994.
DOI : 10.2307/2527092

S. An and F. Schorfheide, Bayesian Analysis of DSGE Models, Econometric Reviews, vol.31, issue.2-4, pp.113-172, 2007.
DOI : 10.2307/1912526

C. H. Anderton and J. R. Carter, The Impact of War on Trade: An Interrupted Times-Series Study, Journal of Peace Research, vol.38, issue.4, pp.445-457, 2001.
DOI : 10.1177/0022343301038004003

A. J. Auerbach and Y. Gorodnichenko, Fiscal Multipliers in Recession and Expansion, in Fiscal Policy after the Financial Crisis NBER Chapters, National Bureau of Economic Research, pp.63-98, 2012.

S. Auray, A. Eyquem, and F. , Jouneau-Sion, Wars and Capital Destruction, Journal of Economic Dynamics and Control, vol.2014, issue.C, pp.41-224
DOI : 10.1016/j.jedc.2014.01.023

P. Gomme, A Tale of Tax Policies in Open Economies, International Economic Review, 2016. Forthcoming. and , Welfare Reversals in a Monetary Union, American Economic Journal: Macroeconomics, vol.6, issue.4, pp.246-290, 2014.

D. K. Backus, P. J. Kehoe, and F. E. Kydland, International Real Business Cycles, Journal of Political Economy, vol.100, issue.4, pp.14-29, 1993.
DOI : 10.1086/261838

B. Zeev, N. , and E. Pappa, Chronicle of a War Foretold: The Macroeconomic Effects of Anticipated Defense Spending Shocks Forthcoming, Economic Journal, 2015.

H. Bouakez and N. Rebei, Why does private consumption rise after a government spending shock?, Canadian Journal of Economics/Revue canadienne d'??conomique, vol.48, issue.3, pp.40-954, 2007.
DOI : 10.1111/j.1365-2966.2007.00438.x
URL : http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.196.5813

A. R. Braun and E. R. Mcgrattan, The Macroeconomics of War and Peace, in NBER Macroeconomics Annual, NBER Chapters, pp.197-258, 1993.

F. Canova, F. Ferroni, and C. Matthes, Approximating Time Varying Structural Models with Time Invariant Structures, SSRN Electronic Journal
DOI : 10.2139/ssrn.2697582
URL : https://publications.banque-france.fr/sites/default/files/medias/documents/working-paper_578_2015.pdf

M. B. Devereux and G. W. Smith, Transfer Problem Dynamics: Macroeconomics of the Franco-Prussian War Indemnity, Journal of Monetary Economics, issue.8, pp.54-2375, 2007.

M. Flandreau and F. Zumer, The Making of Global Finance 1880-1913, 2004.
DOI : 10.1787/9789264015364-en

N. Francis and V. A. Ramey, The Source of Historical Economic Fluctuations: An Analysis Using Long-Run Restrictions, NBER International Seminar on Macroeconomics 2004 NBER Chapters, pp.17-73, 2006.

B. S. Frey and D. Waldenström, Markets work in war: World War II reflected in the Zurich and Stockholm bond markets, Financial History Review, vol.11, issue.01, pp.11-51, 2004.
DOI : 10.1017/S0968565004000046

F. Furlanetto and M. Seneca, New Perspectives on Capital Depreciation Shocks as Sources of Business Cycle Fluctuations, Macroeconomic Dynamics, vol.2014, issue.6, pp.18-1209

F. Ghironi and M. J. Melitz, International Trade and Macroeconomic Dynamics with Heterogeneous Firms, The Quarterly Journal of Economics, vol.120, issue.3, pp.865-915, 2005.
DOI : 10.3386/w10540
URL : http://nrs.harvard.edu/urn-3:HUL.InstRepos:3228377

R. Glick and A. M. Taylor, Collateral Damage: Trade Disruption and the Economic Impact of War, Review of Economics and Statistics, vol.24, issue.1, pp.102-127, 2010.
DOI : 10.1080/03050620108434993

T. A. Lubik and C. Matthes, Time-Varying Parameter Vector Autoregressions: Specification , Estimation, and an Application, Federal Reserve Bank of Richmond Economic Quarterly, vol.101, issue.4, pp.323-352, 2015.
DOI : 10.21144/eq1010403

R. E. Lucas, Models of business cycles, 1987.

P. Martin, T. Mayer, and M. Thoenig, Make Trade Not War?, Review of Economic Studies, vol.75, issue.3, pp.75-865, 2008.
DOI : 10.1111/j.1467-937X.2008.00492.x
URL : https://hal.archives-ouvertes.fr/hal-00293018

E. R. Mcgrattan and L. E. Ohanian, Does Neoclassical Theory Account for the Effect of Big Fiscal Shocks? Evidence from WWII, International Economic Review, issue.2, pp.51-509, 2010.

B. R. Mitchell, International historical statistics: the Americas, 1750-1993, 1998.

L. E. Ohanian, The Macroeconomic Effects of War Finance in the United States: World War II and the Korean War, American Economic Review, vol.87, issue.1, pp.23-40, 1997.

M. T. Owyang, V. A. Ramey, and S. Zubairy, Are Government Spending Multipliers Greater during Periods of Slack? Evidence from Twentieth-Century Historical Data, American Economic Review, vol.103, issue.3, pp.129-163, 2013.
DOI : 10.1257/aer.103.3.129

T. Piketty and G. Zucman, Capital is Back: Wealth-Income Ratios in Rich Countries, Quarterly Journal of Economics, vol.2014, issue.1293, pp.1700-2010
DOI : 10.1093/qje/qju018
URL : https://hal.archives-ouvertes.fr/halshs-01109372

V. A. Ramey, Can Government Purchases Stimulate the Economy?, Journal of Economic Literature, vol.49, issue.3, pp.673-85, 2011.
DOI : 10.1257/jel.49.3.673

M. Shapiro, Costly Capital Reallocation and the Effects of Government Spending, Carnegie-Rochester Conference Series on Public Policy, vol.48, issue.1, pp.145-194, 1997.

H. E. Siu, The fiscal role of conscription in the U.S. World War II effort, Journal of Monetary Economics, vol.55, issue.6, pp.55-1094, 2008.
DOI : 10.1016/j.jmoneco.2008.07.005

F. Smets and R. Wouters, An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area, 1123? 1175. and , Comparing Shocks and Frictions in US and Euro Area Business Cycles: A Bayesian DSGE Approach, pp.20-161, 2003.
DOI : 10.1162/154247603770383415

A. Young and J. C. Musgrave, Estimation of Capital Stock in the United States, in The Measurement of Capital NBER Chapters, National Bureau of Economic Research, pp.23-82, 1980.