The Relationship between Inflation and Defense Expenditures.

Abstract

This paper examines the relationship between DOD expenditures and the rate of inflation to determine whether military spending is inherently more inflationary than other types of expenditures. The role of DoD outlays in the context of various theories of inflation is analyzed and the available empirical evidence is considered. It is concluded that there is no evidence that the effect of DoD purchases is different from that of non-defense federal purchases.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1979
Accession Number
ADA082195

Entities

People

  • Herman O. Stekler

Organizations

  • Institute for Defense Analyses

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  • Ground and Sea Platforms
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  • United States

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