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What are the economic costs of wars?A new study based on data from 150+ wars since 1870 shows that costs are highest for war sites, but war neighbors also bear much of the cost, suffering from higher inflation & lower output growth 👇Moritz Schularick Willi Mutschler ifw-kiel.de/publications/n…

Kriege kosten nicht nur Leben und Zerstörung vor Ort, sie haben auch weitreichende ökonomische Folgen - über die Konfliktgebiete hinaus. Zusammenfassung Wirtschaftsdienst zu den direkten & indirekten wirtschaftlichen Auswirkungen von Kriegen 👉 wirtschaftsdienst.eu/inhalt/jahr/20…

Inflation shocks strengthen extremist and populist parties in elections - new paper by Jonathan Federle, Cathrin Mohr & Moritz Schularick: “Inflation Surprises and Election Outcomes” 🔹summary for press 👉 ifw-kiel.de/publications/n… 🔹paper 👉 ifw-kiel.de/publications/i… Rheinische Friedrich-Wilhelms-Universität Bonn 🧵👇

New CEPR Discussion Paper - DP19841 Who wins wars? Jonathan Federle Kiel Institute (IfW Kiel), Dominic Rohner Geneva Graduate Institute Université de Lausanne, Moritz Schularick ScPoEcon Kiel Institute (IfW Kiel) ow.ly/9RbK50UCvHZ #CEPR_DE #CEPR_IMF #CEPR_ITRE #CEPR_MG #CEPR_PoE #CEPR_PE

💰 Money wins wars: A new study from Jonathan Federle, Moritz Schularick & Dominic Rohner analyzes 700+ conflicts (1977–2013) and finds financial power is key. A 10% GDP boost in military spending raises the chance of victory by 32% 👇 ifw-kiel.de/publications/n…

Excited to share a new paper: Who wins wars? (with Jonathan Federle and Dominic Rohner) Examining more than 700 militarized interstate conflicts between 1977 and 2013, we provide the causal evidence on how money determines the outcome of wars 👇 Paper: tinyurl.com/2b4bxyxn