· Highlights of this issue

· Interwar Unemployment - What Can the Thirties Tell Us?

· Threats to International Financial Stability

The following meetings were discussed in this issue:

· UK Commercial Broadcasting - On the right wavelength?

· UK Local Government - Funding by formula

· Vehicle Charges - Roads Scholarship

· Exchange Rate Fluctuations - Permanent Damage?

The following Discussion Papers were discussed in this issue:

· Monetary and Fiscal Policy in an Optimizing Model with Capital Accumulation and Finite Lives by Giancarlo Marini and Frederick van der Ploeg

· Wage Rigidity and Capital Mobility in an Optimizing Model of a Small Open Economy by Th. van de Klundert and Frederick van der Ploeg

· International Policy Coordination in Interdependent Monetary Economies by Frederick van der Ploeg

· Regret and Jubilation in Union Wage Bargaining by Michael Beenstock

· The Effects of Taxes and Benefits on UK Unemployment: A Microeconometric Analysis by Michael Beenstock and Michael Parker 

· A Two-Country Model with Asymmetric Phillips Curves and Intervention in the Foreign Exchange Market by Michael Artis and Shaziye Gazioglu

· Modelling Energy Demand and Household Welfare Using Micro-Data by Paul Baker, Richard Blundell and John Micklewright

· Road User Charges in Britain by David M G Newbery

· Commercial Broadcasting in the UK - Over-Regulation and Misregulation? By Cento Veljianovski

· Cable and Satellite - The Market for Programmes by Cento Veljanovski

· Sterling Misalignment and British Trade Performance by Charles R Bean

· Monetary Discipline, Germany and the European Monetary System by Jacques Melitz

· Demographic Change, Economic Growth and Social Welfare in Europe by John Ermisch and Heather Joshi

· Vehicle Currencies, Bank Debt and the Asset Market Approach to Exchange Rate Determination: The US Dollar, 1980-1985 by Steven Thomas and Michael Wickens

· New Issues in Corporate Finance by Colin Mayer

· Public Ownership: Concepts and Applications by Colin Mayer

· Monetary Policy and the International Implications of the Phillips Curve in an Open Economy by George Alogoskoufis

· Competitiveness, Oil Prices and Government Expenditure in the United Kingdom Business Cycle by George Alogoskoufis