Fiscal year
1972-77 dummy
Inflation rate of GDP (OMB)
First full year of war
First fiscal year after war
Draft era (1940-72)
Growth rate of real wages
Interaction term: draft * rwagrow
Military inflation rate, lagged one year
Inflation rate of military spending (OMB)
Percentge change in military spending as a percentage of GDP
Military inflaton, lagged two years
Military inflaton, lagged three years