作者：Mankiw, NG
作者单位：Harvard University
摘要：This paper discusses the short-run tradeoff between inflation and unemployment. Although this tradeoff remains a necessary building block of business cycle theory, economists have yet to provide a completely satisfactory explanation for it. According to the consensus view among central bankers and monetary economists, a contractionary monetary shock raises unemployment, at least temporarily. anti leads to a delayed and gradual fall in inflation. Standard dynamic models of price adjustment, how...
作者：Toye, J
作者单位：University of Oxford
作者：Clinch, JP; Murphy, A
作者单位：University College Dublin
摘要：Contingent valuation is now the most widely used method for valuing non-marketed goods in cost-benefit analysis. Yet, despite the fact that many externalities manifest themselves as costs to some and benefits to others, most studies restrict willingness to pay to being non-negative. This can result in significant errors in policymaking. This paper examines the importance of this, explores appropriate welfare measures for assessing losses and gains, demonstrates how these can be elicited explic...
