LSE–Kiel–CEPR Conference on Defence Economics

Europe’s security is at risk. Rising military spending and the return of large-scale war have reopened fundamental economic questions about defence and security. Many of these questions remain underexplored in economics. This conference aims to foster a high-level academic exchange on defence and military economics, with a focus on deterrence, arms production, alliances, fiscal capacity, and the interaction between war, financial markets, and the macroeconomy.

Keynote speakers: Valerie Ramey (Hoover, Stanford and CEPR) and Noam Yuchtman (LSE and CEPR)

The conference seeks to encourage collaboration and help shape the future research agenda in defence and war economics.

Full Program

Topics include:

• Military spending, defence investment, and macroeconomic effects

• Deterrence, escalation, and arms races

• Defence industrial organization, procurement, and innovation

• Alliances, burden sharing, and security externalities

• Political economy of war

• War and financial markets

• Causes, duration, and consequences of wars

• Historical and quantitative work on defence and war economies