No 13



The Economic Costs Of A War In Iraq

By Warwick J McKibbin and Andrew Stoeckel

The following is a study by Warwick J McKibbin, ANU and Brookings Institution and Andrew Stoeckel, Centre for International Economics, published on 7 March by US Embassy websites.

Estimating the costs of a war with Iraq is difficult. The uncertainties are enormous. Federal Reserve Chairman Alan Greenspan was questioned at a congressional hearing on the $100bn a year cost of US troops...