This paper revisits the empirical analysis of Nakamura and Steinsson (2014). I reconstruct and extend the original dataset to cover the period 1966-2019, harmonizing two major sources of data: the Defense Contract Action Data System (DCADS) and USAspending.gov. I discuss how to aggregate these...

""Money, money, and more money." In the eyes of early modern warlords, these were the three essential prerequisites for waging war. The transnational studies presented here describe and explain how belligerent powers did indeed rely on thriving markets where military entrepreneurs provided...

After many years of underinvestment in defence, EU Member States are rearming, but much criticism has been levelled at the slow pace. Many argue that more European cooperation on defence acquisition and arms procurement would not only make buying arms faster and cheaper, but also strengthen the...

After many years of underinvestment in defence, EU Member States are rearming, but much criticism has been levelled at the slow pace. Many argue that more European cooperation on defence acquisition and arms procurement would not only make buying arms faster and cheaper, but also strengthen the...