Newsletter

The economic cost of war


Abstract: It is difficult to measure the cost of the Iraq war and related expenses; it is at least as difficult to decide exactly what costs to measure. The May 2008 issue compares the two most widely cited estimates: one from the Congressional Budget Office and the other from researchers Joseph Stiglitz and Linda Bilmes. The newsletter also compares these estimates to U.S. GDP over the same time frame to get a better sense of the war's cost in relation to the entire U.S. economy.

Keywords: War - Economic aspects;

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Provider: Federal Reserve Bank of St. Louis

Part of Series: Liber8 Economic Information Newsletter

Publication Date: 2008

Issue: May