Peace Economics, Peace Science and Public Policy

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Language: English

First published: January 1, 1993

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The current volume of Peace Economics, Peace Science and Public Policy is open access via Subscribe to Open (S2O). All accepted articles will be published under a Creative Commons license at no cost to authors. Learn more about De Gruyter Brill’s Subscribe to Open program.

Objective and Topics

The main objectives of Peace Economics, Peace Science and Public Policy ( PEPS) are:

to further research in Peace Science and Peace Economics,
to expose the scholarly community to innovative peace-related research,
to disseminate the study of peace economics to a wider audience.

PEPS accepts both theoretical and empirical contrib utions to the fields of Peace Economics and Peace Science. In line with Peace Science tradition, PEPS welcomes contributions from an interdisciplinary community of scholars from a variety of disciplines including economics, political science, regional science, mathematics, and history, among others. The journal publishes papers covering a wide range of topics with the common theme of peace and conflict analysis, including: Military expenditures (determinants and impact); Arms Trade and Military industry; Alliances and games; Game and related theory; Contest theory; peacekeeping; Mathematical approaches to conflict management; General equilibrium models of conflict and conflict management; mathematical models of arms races and wars; causes of wars and political violence; Economic policies for peacebuilding; The impact of conflicts and violence on welfare; Arms control, government spending and International Security; Trade disputes, Trade wars and international economic sanctions.

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PEPS publishes both full-length papers and research letters to provide accounts of new original research. Letters generally do not exceed 2,500 words in length, exclusive of equations, graphs, and figures.

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Your Benefits

Bridging between theoretical and empirical studies
International outreach of the journal
Prestigious editorial board
Interdisciplinary outlook on the subject matter
Wide range of topics

History

Peace Economics, Peace Science and Public Policy was founded in 1997 by Walter Isard, Professor Emeritus of Economics and Regional Science at Cornell University, and widely recognized as a founding father of Peace Science studies. Today, the journal is edited by Raul Caruso of the Institute of Economic Policy of the Catholic University of the Sacred Heart.

Four issues/year
Content available since 1993 (Volume 1, Issue 1)
ISSN: 1554-8597

Open Access
The Geopolitical Risk Footprint on Inflation-Led Money Dynamics: Developed Versus Rising International Currencies

March 20, 2026

Nikolaos A. Kyriazis, Emmanouil M. L. Economou

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This study sets the spotlight on the dynamic interplay between geopolitical risk (GPR, GPR acts, GPR threats) and developed as well as rising national currencies. Examination is conducted through the lens of elevated inflation induced by the Russia-Ukraine and subsequent conflicts. Using data from 14 September 2021 to 23 May 2025 and a spectrum of Quantile-VAR specifications, investigation focuses on alternative market conditions. GPR serves for absorbing national currency systemic risk. Safe havens like the US dollar lead causality in major national markets. In bear market conditions, geopolitical uncertainty has a larger footprint on major currencies while GPR threats mainly affect rising national currencies. Extreme inflation – like in the Turkish lira case-is the main settler of systemic risk in developing currencies. Highly devaluated currencies trigger crises in bear markets while work as money non-grata in bull markets and strengthen the risk appetite for alternative risky currencies. These outcomes contribute to the Guzman and Stiglitz (2021) theory about pseudo-wealth in crises.
Open Access
The Ideational Logic of Alliance Network Embeddedness: Explaining F-35 Cooperation

February 25, 2026

Xiongfu Xiao

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What drives some U.S. partners to gain access to advanced weapons cooperation such as the F-35 program, while others do not? Taking a relational and ideational scope, I argue that participation is not driven by strategic dependence but by ideational affinity operating through Security Alignment Network Embeddedness (SANE). States with liberal-democratic compatibility are selectively incorporated into dense, central positions within the U.S.-led security network, and this embeddedness – rather than realist security demands – creates both the opportunity and the willingness to enter high-cost technological cooperation. Using social network analysis to construct the SANE index, as well as panel-based structural measures for 130 states (2001–2023) within a mediation framework, empirical analysis shows that ideational affinity strongly predicts SANE, SANE in turn predicts F-35 participation, and affinity’s effect is fully mediated through embeddedness, whereas strategic dependence has no systematic influence. A placebo test on the F-16 fighter and additional robustness checks confirm that this mechanism applies only to institutionalized advanced cooperation, not to general arms sales. The findings show that advanced weapons function as signals and symbols that consolidate hierarchy through embedded network relations.

Journal Impact Factor	1.2	2024, Journal Citation Reports (Clarivate, 2025)
5-year Journal Impact Factor	1	2024, Journal Citation Reports (Clarivate, 2025)
Journal Citation Indicator	0.74	2024, Journal Citation Reports (Clarivate, 2025)
CiteScore	2.8	2024, Scopus (Elsevier B.V., 2025)
SCImago Journal Rank	0.436	2024, SJR (Scimago Lab, 2025; Data Source: Scopus)
Source Normalized Impact per Paper	0.765	2024, CWTS Journal Indicators (CWTS B.V., 2025; Data Source: Scopus)

Peace Economics, Peace Science and Public Policy

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