· Highlights of this issue

· Monetary policy in the light of rational expectations - Patrick Minford

The following workshops was discussed in this issue:

· Anglo-French Workshop - In a state

The following lunchtime meetings were discussed in this issue:

· Non-Tariff Barriers - Mercantilism's last refuge?

· Anti-Inflation Policy - The advantages of corporatism?

· Resource Booms, lost opportunities - a CEPR Book

· LDCs - Less inequality, more growth?

· Policy Coordination - An idea whose time has come?

The following CEPR Books can be ordered:

· Natural Resources and the Macroeconomy

The following Discussion Papers were discussed in this issue:

· Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies by Willem H Buiter

· Macroeconomic Responses by Developing Countries to Changes in External Economic Conditions by Willem H Buiter

· Credibility and Time Inconsistency in a Stochastic World by David Currie and Paul Levine

· Borrowing to Defend the Exchange Rate and the Timing and Magnitude of Speculative Attacks by Willem H Buiter

· The Dynamic Stability of the European Monetary System by Jacques Mélitz and Philippe Michel

· The Prospect of a Depreciating Dollar and Possible Tension Inside the EMS by Jacques Mélitz

· Commodity Market Stabilisation and `North-South' Income Transfers: An Empirical Investigation by Andrew J Hughes Hallett

· Occupational Pension Funds: Getting the Long-Run Answers Right by Leslie Hannah

· Finance, Trade and Development: Issues in Transatlantic Cooperation by Richard Portes

· The Privatisation of British Gas and the Possible Consequences for the European Gas Market by David M G Newbery

· The Sustainability of Optimal Cooperative Macroeconomic Policies in a Two-Country World by David Currie and Paul Levine