· Highlights of this issue

· Britain's Trade: Has Europe Made a Difference? By L.Alan Winters

The following conferences were discussed in this issue:

· Anglo-French Conference - Disequilibrium Macroeconomics

· Economic Policy Panel - Trade policy and unemployment

The following workshops were discussed in this issue:

· ESRC/CNRS Workshop - Interdependence and the EMS

· International Security - Economic Aspects

The following lunchtime meetings were discussed in this issue:

· A High-Tech Future for Europe- Surprising results

· UK macro Policy - A new medium-term framework

· Coal in the 1930s - The first lame duck?

· Inflation and Unemployment - Is Europe really so different?

The following Discussion Papers were discussed in this issue:

· Counterfeit Product Trade by Gene M Grossman and Carl Shapiro

· Rational Expectations and Monetary Policy by Patrick Minford

· The Market for Labour in Interwar Britain by Michael Beenstock and Peter Warburton

· The Determinants of the Money Multiplier in the United Kingdom by Michael Beenstock and Kam-Fai Chan

· Currency Substitution in a Two-Asset Two-Country Model: A Simulation Approach by Michael J Artis and Shaziye Gazioglu

· The Impact of Interdependence on Economic Policy Design: The Case of the US, EEC and Japan by Andrew J Hughes Hallett