Defense inflation: what has happened, why has it happened, and what can be done about it?

Edward G. Keating and Mark V. Arena

Defence and Peace Economics, 2016, vol. 27, issue 2, 176-183

Abstract: US Department of Defense (DoD) procurement and maintenance costs have risen considerably faster than economy-wide inflation over the last several decades. This outcome has occurred in large part because DoD decision-makers have demanded more complex, better maintained systems over time. Defense inflation is likely to abate when resourcing levels no longer accommodate these demands. Defense inflation should be viewed partially as a symptom, not just as a cause, of increased defense spending.

Date: 2016
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DOI: 10.1080/10242694.2015.1093760

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