We estimate a monetary policy rule for the US allowing for possible frequency dependence—i.e., allowing the central bank to respond differently to more persistent innovations than to more transitory innovations, in both the unemployment rate and the inflation rate. Our estimation method uses...

The Need for Environmental and Natural Resource Policy -- Classical Causes of Environmental Degradation -- Public Economics and Information -- Adapting Models to Ecosystems: Ecology, Time, and Space -- The Evolution of Rights -- Review of Policy Instruments -- Direct Regulation of the...