· Highlights of this issue

· International Regimes and the Design of Macroeconomic policy

The following meetings were discussed in this issue:

· European Policy Coordination - Europessimism

· Financial Crises - Missing linkages

· UK Household Formation - Nuclear fission?

· Stabilization policies - Heterodox-orthodox paradox

· UK Housing Market - Yes, there is a shortage

The following Discussion Papers were discussed in this issue:

· A Gold Standard Isn't Viable Unless Supported by Sufficiently Flexible Monetary and Fiscal Policy by Willem H Buiter

· Granger Causality and Policy Ineffectiveness: A Rejoinder by Willem H Buiter

· The Econometric Analysis of Risk Terms by Adrian R Pagan and Aman Ullah

· Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy by Willem H Buiter

· Fiscal Prerequisites for a Viable Managed Exchange Rate Regime: A Non-Technical Eclectic Introduction by Willem H Buiter

· The Anatomy of Financial Crises by Richard Portes and Barry Eichengreen

· Between Fordism and Flexibility: The Automobile Industry and its Workers - Past, Present and Future by Steven Tolliday and Jonathan Zeitlin

· Structural Adjustment, Macroeconomic Adjustment and Poverty: A Methodology for Analysis by S M Ravi Kanbur

· Efficiency Wages Versus Insiders and Outsiders by Assar Lindbeck and Dennis J Snower

· Productivity, Wages and Prices Inside and Outside of Manufacturing in the US, Japan and Europe by Robert J Gordon

· The Advantages of Tying One's Hands: EMS Discipline and Central Bank Credibility by Francesco Giavazzi and Marco Pagano

· The Economic Consequences of the Franc Poincare by Barry Eichengreen and Charles Wyplosz

· Strategic Investment, Multinational Corporations and Trade Policy by Alasdair Smith