Open Access. Powered by Scholars. Published by Universities.®

Digital Commons Network

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 4 of 4

Full-Text Articles in Entire DC Network

Appropriate Fiscal Policy Over The Business Cycle: Proper Stimulus Policies Can Work, Philip E. Graves Jan 2010

Appropriate Fiscal Policy Over The Business Cycle: Proper Stimulus Policies Can Work, Philip E. Graves

PHILIP E GRAVES

Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful recommendations for policy-makers, particularly in times of recession. Others take the laissez-faire view that policy reactions to the business cycle do not help in a rational expectations world and indeed do harm by increasing uncertainty. Still others, while not necessarily viewing themselves as in any sense ―Keynesian,‖ have a nagging feeling that sometimes doing nothing …


Environmental Valuation: The Sum Of Specific Damages Approach, Philip E. Graves Jan 2010

Environmental Valuation: The Sum Of Specific Damages Approach, Philip E. Graves

PHILIP E GRAVES

There is no abstract for this book chapter.


Benefit-Cost Analysis Of Environmental Projects: A Plethora Of Systematic Biases, Philip E. Graves Jan 2010

Benefit-Cost Analysis Of Environmental Projects: A Plethora Of Systematic Biases, Philip E. Graves

PHILIP E GRAVES

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores sources of bias in the methods used to evaluate environmental policy in the United States, although most of the arguments translate immediately to decision-making in other countries. There are some “big picture” considerations that have gone unrecognized, and there are numerous more minor, yet cumulatively important, technical details that point to potentially large biases against acceptance on benefit-cost …


The Hedonic Method: Value Of Statistical Life, Wage Compensation Property Value Compensation, Philip E. Graves Jan 2010

The Hedonic Method: Value Of Statistical Life, Wage Compensation Property Value Compensation, Philip E. Graves

PHILIP E GRAVES

There is no abstract for this book chapter.