U.S. Defense Spending in Historical and International Context
May 14, 2024
Current U.S. military spending is higher than at any point of the Cold War in inflation-adjusted terms, but relatively low as a percent of national income.
May 14, 2024
Current U.S. military spending is higher than at any point of the Cold War in inflation-adjusted terms, but relatively low as a percent of national income.
January 18, 2022
How does the expectation of high inflation become self-fulfilling, and what proxies do we have to reflect this inherently unobservable but important economic variable?
March 8, 2023
The increasing agglomeration of people and economic activity in high-risk areas of the U.S. plays a role in the rising cost of climate-related disasters.
September 24, 2021
Countries benefit from increasing international trade and financial flows. But interconnectedness can make them vulnerable to economic shocks originating abroad.
April 28, 2024