This Handbook provides an authoritative overview of current research in the field of cost–benefit analysis and is designed as a starting point for those interested in undertaking advanced research. The Handbook contains major contributions to the development of the field, focussing on standard microeconomic policy evaluations, the relatively neglected area of macroeconomic policy and its integration into a formal CBA framework, and dynamic considerations in CBA
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Purchasing power parity is central to exchange rate economics. This research review assesses a select set of classic papers on the subject. Individually and jointly, these studies have provoked heated debates on the validity of purchasing power parity, thereby making scholarly contributions towards analysing exchange rate puzzles. The findings have been profoundly influential in the conduct of monetary policy and business. This review provides a solid and succinct foundation for future research into the subject and is essential reference for scholars, researchers and policymakers alike.