We outline in turn criticisms made by econometricians of the methods used in empirical business-cycle research and then criticisms made by business-cycle researchers of some methods used by econometricians. The aim is to clarify and in some cases correct these criticisms. Overall there is no conflict in using rigourous statistical procedures to study modern dynamic stochastic general equilibriu...

The classical theory of rational choice is built on several important internal consistency conditions. In recent years, the reasonableness of those internal consistency conditions has been questioned and criticized, and several responses to accommodate such criticisms have been proposed in the literature. This paper develops a general framework to accommodate the issues raised by the criticisms...

This paper summarizes the analysis and findings of the Boskin Commission, reviews criticisms, provides responses to criticisms, summarizes recent changes in the CPI and recent research on price measurement.

Sustainable domestic aquaculture development is a critical component to achieving greater U.S. seafood security in the future, yet detrimental allegations have corrupted public support. A variety of longstanding and inaccurate myths assumptions directed at offshore farming its regulation been foisted on public. This paper refutes most prevalent critiques by reviewing current policies, regulatio...