|
|
Bulletin
5 OCTOBER 1984
IN
THIS ISSUE...
The central focus of this Bulletin is again the international economy.
There are reports of a recent conference on the European Monetary System
and a workshop held to discuss the policy implications of imperfectly
competitive markets in open economies. Recent Discussion Papers deal
with a variety of international issues as well.
Economic
Policy - A New Journal
CEPR and two French partners are launching a new journal - Economic
Policy. It will serve as an independent European forum for the analysis
of current policy questions.
The
European Monetary System
The European Monetary System is often cited as a successful example of
international policy coordination. CEPR and the Department of Economics
at Manchester University recently organized a conference to analyse the
EMS and its lessons for cooperative policy-making.
Trade
and Imperfect Competition
Theories of imperfectly competitive markets have been used to extend the
scope and relevance of traditional trade theory. CEPR and the
International Economics Study Group organized a workshop in September to
discuss the important implications of this work for trade policy and for
industrial policy in open economies.
Tax
and Benefit Reform
Richard Blundell, Associate Director of the Developments in Applied
Economic Theory and Econometrics programme, discusses the use of
microeconometric models to evaluate proposed changes in the structure of
taxes and benefits.
Discussion Papers
David Vines examines a North-South
model of world
production and trade, and argues that terms-of-trade linkages between
the two regions lead to 'overshooting' and cyclical behaviour.
Marcus Miller and Mark Salmon analyse the design of economic
policy in multi-country models
with sophisticated private sector behaviour.
Willem Buiter considers the choice between bond
and tax financed government
spending in an open economy.
Barry Eichengreen discusses the lessons to be drawn from the interwar
period for
international policy coordination.
|
|