Bulletin Issue 44

Bulletin Issue 44/45 (April/June 1991) - Contents

In This Issue

· Highlights of this issue

Conferences

The following conferences were discussed in this issue:

· Structural Adjustment Programmes - From Macro to Maize

· European Monetary Union - Designing a Central Bank

· Privatization of Public Enterprise - Theory and History

Workshops

The following workshops were discussed in this issue:

· Regime Changes - Learning What to Expect

· Public Finance - Discount Rates and Rates of Return

· European Integration - International Trade

Lunchtime Meetings

The following lunchtime meetings were discussed in this issue:

· Public Debt Management - Monetary Union

· Local Government Finance - The Poll Tax

· European Financial Markets - Regulation and Integration

· Eastern Europe - Exchange Rate Systems

· Competition and Privatization - The British Electricity Market

· UK Pension Provision - Consequences of Divorce

CEPR Publications

· Trade and Development in Sub-Saharan Africa

· New Issues and the Uruguay Round

· Economic Policy 12

· Mismatch and Labour Mobility

· European Integration: Trade and Industry

· European Financial Integration

Discussion Papers

The following Discussion Papers were discussed in this issue:

· Intertemporal Speculation, Shortages and the Political Economy of Price Reform: A Case Against Gradualism by Sweder van Wijnbergen

· Public Goods in Trade: On the Formation of Markets and Political Jurisdictions by Alessandra Casella and Jonathan Feinstein

· The Political Economy of the Hard-ECU Proposal by Peter Bofinger

· Stochastic Devaluation Risk and the Empirical Fit of Target Zone Models by Giuseppe Bertola and Lars E O Svensson

· Does Commitment Matter in Trade Policy? by Robert W Staiger and Guido Tabellini

· Should Rules be Simple? by Paul Levine

· Fiscal Rules in the European Monetary Union: A No-Entry Clause by Alberto Giovannini and Luigi Spaventa

· Adjustment Difficulties within a European Monetary Union: Can They be Reduced? by Andrew J Hughes Hallett and David Vines

· Destabilizing Effects of Exchange-Rate Escape Clauses by Maurice Obstfeld

· Dynamic Seigniorage Theory: An Exploration by Maurice Obstfeld

· German Reunification and Exchange Rate Policy in the EMS by Jacques Mélitz

· Spain's Industrial Exports to the EEC: A Panel Data Approach by Carmela Martín and Lourdes Moreno

· Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach by Kenneth A Froot and Maurice Obstfeld

· Segmented Labor Markets and Unemployment by Assar Lindbeck and Dennis J Snower

· The Nordic EFTA Countries' Options: Seeking Community Membership or a Permanent EEA-Accord by Carl B Hamilton

· Environmental Innovation Policy and International Competition by Carlo Carraro and Domenico Siniscalco

· The Measurement of Policy Effects in a Non-Causal Model: An Application to Economic Policy in the UK, 1974-79 by Michael J Artis, Robin Bladen-Hovell and Yue Ma

· A Note on the Real Exchange Rate Effect of German Unification by Charles Wyplosz

· Post-Reform East and West: Capital Accumulation and the Labor Mobility Constraint by Charles Wyplosz

· Precautionary Saving, Government Policy and Growth in a Stochastic Cash-in-Advance Economy by Seppo Honkapohja and Urho Lempinen

· Iceland on the Outskirts of Europe: The Common Property Resource Problem by Thorvaldur Gylfason

· New Evidence on the Fertility Transition in Ireland 1880-1911 by Cormac O'Gráda

· Money and Growth Revisited by George S Alogoskoufis and Frederick van der Ploeg

· Debts, Deficits and Growth in Interdependent Economies by George S Alogoskoufis and Frederick van der Ploeg

· Simple Rules for the Open Economy: Evaluating Alternative Proposals by Patrizio Tirelli and David Vines

· Currency Substitution and the Fluctuations of Foreign-Exchange Reserves with Credibly Fixed Exchange Rates by Alberto Giovannini

· Which `Simple' Rules Rather than Discretion? by Daniel Cohen and Philippe Michel

· Which Rules Rather than Discretion in a Democracy? An Axiomatic Approach by Daniel Cohen and Philippe Michel

· The Virtues of Gradualism and Legitimacy in the Transition to a Market Economy by Mathias Dewatripont and Gérard Roland

· The Solvency of Eastern Europe by Daniel Cohen

· Multiple Equilibria in the British Labour Market: Some Empirical Evidence by Alan Manning

· Why was Unemployment in Postwar Britain So Low by Stephen N Broadberry

· Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility by Willem H Buiter and Kenneth M Kletzer

· Competitiveness and Industrial Restructuring in Czechoslovakia, Hungary and Poland by Paul Hare and Gordon A Hughes

· Privatization in Hungary, Poland and Czechoslovakia by Irena Grosfeld and Paul Hare

· Options for the Payments and Exchange Rate System in Eastern Europe by Peter Bofinger

· Industrial Restructuring and the Reorientation of Trade in Czechoslovakia, Hungary and Poland by István P Székely and Michael Landesmann

· Political Parties, Elections and Inflation in Greece by George S Alogoskoufis and Apostolis Philippopoulos

· Labor and Product Markets in Czechoslovakia and the ex-GDR: A Twin Study by Michael C Burda

· Foreign Exchange, Prices and Economic Activity in Bulgaria by Gordon A Hughes

· The Pension Consequences of Divorce by Heather Joshi and Hugh Davies