· Highlights of this issue

· When is an Economic Model Fit to survive? - Grayham Mizen

The following conferences were discussed in this issue:

· ESRC/CEPR - Corporate Finance, Investment and Taxation

· CEPR/IIES Workshop - Policy conflict

The following lunchtime meetings were discussed in this issue:

· Select Committee Proposals - A Danger to World Trade?

· 1930's Experience - Supports Selective Debt Relief

The following Discussion Papers were discussed in this issue:

· Credibility and Commitment in Economic Policy by David Backus and John Driffill

· Does Elastic Retract? The Effect of Recession on Women's Labour Force Participation by Heather Joshi and Susan Owen

· Oil Price Shocks, Unemployment, Investment and the Current Account: An Intertemporal Disequilibrium Analysis by Sweder van Wijnbergen

· The Analysis of Unemployment in Interwar Britain: A Survey of Research by Timothy J Hatton

· Wage Rigidity, Implicit Contracts, Unemployment and Economic Efficiency by David M G Newbery and Joseph Stiglitz

· Procrustean Econometrics: Stretching and Squeezing Data by David F Hendry and Grayham E Mizon

· World Oil Prices and Output Losses in Developing Countries by David Pearce and Richard Westoby

· The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration by Sanford Grossman and Oliver Hart

· Immigration and the Real Wage: Time Series Evidence from the United States, 1820-1977 by Patrick T Geary and Cormac O'Gráda

· Modelling Migration to the New World: Some Problems by Patrick T Geary and Cormac O'Gráda

· Information Disclosure and the Economics of Science and Technology by Partha Dasgupta and Paul A David

· International Trade, Trade and Industrial Policy and Imperfect Competition: A Survey by Anthony J Venables

· Debt and Default in the 1930s: Causes and Consequences by Barry Eichengreen and Richard Portes