Showing 1 - 10 of 2,334
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 …
Persistent link: https://www.econbiz.de/10013224204
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 …
Persistent link: https://www.econbiz.de/10013141284
Warfare is enormously destructive, and yet countries regularly initiate armed conflict against one another. Even more surprisingly, wars are often quite popular with citizens who stand to gain little materially and may lose much more. This paper presents a model of warfare as the result of...
Persistent link: https://www.econbiz.de/10012778156
belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war, these nations suspended … convertibility of their currencies into gold with the promise that after the war each would restore convertibility at the old par …. However, once convertibility was suspended, the value of each currency depended on the outcome of the war. I decompose …
Persistent link: https://www.econbiz.de/10012787085
fight and endure war, the government elites began to provide public goods, reduced rent extraction and adopted policies to …
Persistent link: https://www.econbiz.de/10012955943
This paper explores the means by which warfare influences domestic commodity markets. It is argued that England during the French Wars provides an ideal testing ground. Four categories of explanatory variables are taken as likely sources of documented changes in English commodity price...
Persistent link: https://www.econbiz.de/10013139748
, are the most overt costs of war. They are also relatively short-lived. The costs of war borne by combatants and their … total present value of historical war costs have been absorbed by benefits distributed over the remaining life spans of …. Estimates of the value of injuries and deaths, while uncertain, suggest that the private burden of war borne by survivors …
Persistent link: https://www.econbiz.de/10013142072
We consider three questions related to the choice between war in Iraq and a continuation of the pre-war containment … war more or less costly for the United States than containment? Second, compared to war and forcible regime change, would … a continuation of the containment policy have saved Iraqi lives? Third, is war likely to bring about an improvement or …
Persistent link: https://www.econbiz.de/10013219222
Much has been written about the national-security aspects of a potential conflict with Iraq, but there are no studies of the cost. A review of several past wars indicates that nations historically have consistently underestimated the cost of military conflicts. This study reviews the potential...
Persistent link: https://www.econbiz.de/10013249345
While descriptive evidence suggests that deployment in the Global War on Terrorism is associated with adverse mental …
Persistent link: https://www.econbiz.de/10013127425