This paper attempts to provide a more complete reckoning of the costs of the Iraq War, using standard economic and … underestimate the War's true costs. We estimate a range of present and future costs, by including expenditures not in the $500bn CBO … the war on the overall performance of the economy. Even taking a conservative approach and assuming all US troops return …

and II, which would seemingly increase uncertainty. In a seminal paper, Schwert (1989) identified the "war puzzle" as one …

This paper argues that before World War II the desire to maintain a trustworthy reputation for honoring war debts was … honoring in full of war debts following World War II. The discussion focuses on differences in economic and political … conditions after World War II, especially the extension of the voting franchise, the increased economic and political power of …

the implications of the war costs themselves. Besides the unanticipated length and breadth of the military conflicts … motivations associated with war cost forecasts by comparing them with other types of aggregate forecasts, which are prone to … similar types of errors. The history of war cost forecasts suggests that increasing their frequency and transparency may …

Revolutionary War, the absence of such constraints in the United States required full-tax smoothing, with only a temporary use of …

This paper analyzes the financial and war-spending policies of a state that faces a war in which defeat would result in … have lent is defeated and who also face partial default if the material consequences of the war are unfavorable for the … debtor state, even if it avoids defeat. In this analysis, the state uses war debt to smooth expected consumption …

estimated on samples that include WWII and the Korean war, when defense shocks prevailed, while the latter are estimated mostly …